The income statement for Sports Emporium for the years ending December 31, 2013 and 2012 is provided

Question:

The income statement for Sports Emporium for the years ending December 31, 2013 and 2012 is provided below.
The income statement for Sports Emporium for the years ending

Required:
1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of Sports Emporium's income statement.
2. Discuss the major fluctuations in income statement items during the year.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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