Horizontal and vertical analysis of income

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Horizontal and Vertical Analysis of income statement.

Financial information for Blevins Inc. is presented below.

 

2009

2008

 

Amount

Amount

Sales

$750,000

$600,000

Cost of goods sold

465000

390000

Gross profit

$285,000

210000

Selling expenses

120000

72,000

Administrative expense

$60,000

54,000

Income before tax

$105,000

84,000

Income tax expense

$33,000

24,000

Net income

$72,000

60,000

Prepare a schedule showing a vertical analysis for 2009 and 2008.
Prepare horizontal analysis.
Prepare vertical analysis.

Reference no: EM13356600

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