Solution-Prepare a horizontal analysis of the income

Prepare a horizontal analysis of the income statement

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Reference no: EM131625629

Problem - The comparative condensed income statements of Emley Corporation are shown below.

EMLEY CORPORATION Comparative Condensed Income Statements For the Years Ended December 31
	2017	2016
Net sales	$717,400	$654,000
Cost of goods sold	526,470	457,800
Gross profit	190,930	196,200
Operating expenses	136,250	130,800
Net income	$ 54,680	$ 65,400

Prepare a horizontal analysis of the income statement data for Emley Corporation using 2016 as a base.

Prepare a vertical analysis of the income statement data for Emley Corporation in columnar form for both years.

Reference no: EM131625629

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Prepare a horizontal analysis of the income statement

Reference no: EM131625629

Reference no: EM131625629

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