From the comparative income statement of Wayda Company in Figure 22.7 , do the following: Comparative Income
Question:
From the comparative income statement of Wayda Company in Figure 22.7 , do the following:
Comparative Income Statement for Wayda Co.
1. Prepare a horizontal analysis with the amount of increase or decrease during 2020 along with the percent increase or decrease during 2019 (to the nearest tenth of a percent).
2. Vertically analyze the 2020 column of the income statement (to the nearest tenth of a percent).
3. Prepare a common-size comparative income statement (to the nearest tenth of a percent) for 2019 and 2020.
Transcribed Image Text:
WAYDA COMPANY COMPARATIVE INCOME STATEMENT FOR YEARS ENDED DECEMBER 31, 2020, AND DECEMBER 31, 2019 December 31 2020 2019 $ 290|0 이이 00|$31응으이 175 00 0 00 $115|0 00100 |$ 146|0 이000| Net Sales Cost of Goods Sold 164 0 0000 Gross Profit from Sales Operacing Expenses: $ 2010이이00 |$ 48|0 이이 00| 1700000 $ 3700000 $ 81 00000 $ 78|00|0|00 |$ 65|0 이이 00| 500000 73 00000 29 20000 Selling General and Administrative 3300000 Total Operating Expenses Operating Income Less Interest Expense 680 ol00 Income Before Taxes 58 20000 Income Taxes 23 28 000 Net Income $ 43 8 0000 $ 349 2000
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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