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problem: Using the information in these abbreviated income statements, create a vertical analysis.

 

Year 1

Year 2

Sales

$360,000

$518,000

Cost of goods sold

220,000

316,000

 

------------------

----------------

Gross margin

$140,000

$202,000

Operating expenses

110,000

152,000

 

--------------------

-----------------

Net income

$30,000

$49,400

Then perform a horizontal analysis showing the change from year 1 to year 2.

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M919833

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