Prepare a horizontal analysis of the balance sheet data forNike, using 2019 as a base. (Show the amount of increase ordecrease as well.)
b. Prepare a vertical analysis of the balancesheet data for Nike for 2020.
Prepare horizontal and vertical analyses.
E13.6 (LO 2) Here are the comparative incomestatements of Delaney Corporation.
Delaney Corporation Comparative Income Statements For the Years Ended December 31 |
| | 2020 | | 2019 |
| Net sales | | $598,000 | | $500,000 |
| Cost of goods sold | 477,000 | 420,000 |
| Gross profit | 121,000 | 80,000 |
| Operating expenses | 80,000 | 44,000 |
| Net income | $?41,000 | $?36,000 |
