Solution-Prepare a vertical analysis of the income

Prepare a vertical analysis of the income statement data

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Reference no: EM131796727

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

EMLEY CORPORATION
Comparative Condensed Income Statements
For the Years Ended December 31

	2015	2014
Net sales	$599,380	$498,190
Cost of goods sold	485,130	419,890
Gross profit	114,250	78,300
Operating expenses	55,410	45,080
Net income	$58,840	$33,220

Prepare a horizontal analysis of the income statement data for Emley Corporation using 2014 as a base. (Round percentages to 1 decimal place, e.g. 12.3%.)

EMLEY CORPORATION
Condensed Income Statements
For the Years Ended December 31

Increase or (Decrease) During 2015

2015	2014	Amount	Percentage
Net sales	$599,380	$498,190	%
Cost of goods sold	485,130	419,890	%
Gross profit	114,250	78,300	%
Operating expenses	55,410	45,080	%
Net income	$58,840	$33,220	%

Prepare a vertical analysis of the income statement data for Emley Corporation in columnar form for both years. (Round percentages to 1 decimal place, e.g. 12.3%.)

EMLEY CORPORATION
Condensed Income Statements
For the Years Ended December 31

Increase or (Decrease) During 2015

2015	2014	Amount	Percentage
Net sales	$599,380	$498,190	%
Cost of goods sold	485,130	419,890	%
Gross profit	114,250	78,300	%
Operating expenses	55,410	45,080	%
Net income	$58,840	$33,220	%

Reference no: EM131796727

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Prepare a vertical analysis of the income statement data

Reference no: EM131796727

Reference no: EM131796727

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