McMann Company has a condensed income statement as shown: Required: Prepare a horizontal analysis of McMann Company's

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McMann Company has a condensed income statement as shown:

2011 2010 $178,400 $162,500 Sales Wage expenses Rent expenses 100,000 92,500 33,000 30,000 Utilities expenses 30,000 25,

Required:
Prepare a horizontal analysis of McMann Company's income statements. Comment on the trends, both favorable and unfavorable.

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ISBN: 978-1259097126

13th edition

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

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Question Posted: Nov 22, 2017 08:15 AM

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McMann Company has a condensed income statement as shown: Required: Prepare a horizontal analysis of McMann Company's

Question:

2011 2010 $178,400 $162,500 Sales Wage expenses Rent expenses 100,000 92,500 33,000 30,000 Utilities expenses 30,000 25,000 Total operating expenses 163,000 147,500 Net income 15,400 15,000

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