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Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. Based...

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Accounting

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Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. Based on the Income Statement below answer the following question: What is the change percentage from one year to the other on Net Income? * for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor commos. Le (11) INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 54.632.500 $4325.300 1 350 000 1 230.000 ..623.500 135,400 $2.500 45.700 1.250 000 1 150 000 525.300 165.500 $2.500 38 900 Revenues Costs and expenses: Cost of sales Labor expenses Other operating costs and casse Seneral and administrative exROSS Depreciation and amortization expenses Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense) income, Det Income before income laxes Income tax provision Net income -10.500 1.050 600 16.900 1.900 -500 175.958 164.640

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