Hello I need help with the two questions for this case study. Thank you ...
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Hello I need help with the two questions for this case study. Thank you
Data for Micatin Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the comparative income statement of Micatin Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Micatin Designs, Inc. Comparative Income Statement Requirements Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 1. Prepare a horizontal analysis of the comparative income statement of Micatin Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Net Sales Revenue $ 430,000 $ 373,000 % Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 203,000 97,000 8,350 189,350 94,000 6,000 % Print Done 308,350 289,350 % $ 83,650 Net Income 121,650 $ %
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