The income statements for Company A for Year 2 and Year are presented below. Required:...
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Accounting
The income statements for Company A for Year 2 and Year are presented below. Required: Prepare a horizontal analysis for Year 2 using Year 1 as the base year (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Increase (Decrease) Amount Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (utigation) Income before tax ncome tax expense Wet income COMPANY A Income Statement For the Years Ended December 31 Year Year 2 Year 1 $ 19,000,000 $ 10,500,000 12.711,000 7.623,000 7,088,400 8,877.000 1.881,000 1.435,500 1.247,400 1947.400 415,800 1,782,000 231.000 1,762,200 5,963,100 673,200 2,293,500 1,089,000 $ 3,669,600 $
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