Solution-Question - horizontal and vertical analyses

Question - horizontal and vertical analyses

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Reference no: EM131698890

Question - Horizontal and Vertical Analyses

Comparative income statements are available for Johanna's Fine Furs:

	2012	2011
Sales	$850,000	$800,000
Cost of sales	325,000	275,000
Gross profit	525,000	525,000
Operating expenses	175,000	120,000
Operating profit	350,000	405,000
Income tax expense	105,000	121,500
Net income	$245,000	$283,500

Perform horizontal analysis on each of the items in the above comparative income statements. Round percentages to one decimal point (i.e., 10.1%). Enter negative values for decreasing numbers. If an amount is zero, enter zero. Omit % sign in your responses.

Reference no: EM131698890

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Question - horizontal and vertical analyses : Question - Horizontal and Vertical Analyses - Perform horizontal analysis on each of the items in the above comparative income statements

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Question - horizontal and vertical analyses

Reference no: EM131698890

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