Horizontal and vertical analysis Income statements for Marstrander Company for 2005 and 2006 follow. Required a. Perform
Question:
Horizontal and vertical analysis Income statements for Marstrander Company for 2005 and 2006 follow.
Required
a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2005 and 2006.
b. Perform a vertical analysis, showing each income statement component as a percent of sales for each year.
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Related Book For 
Fundamental Managerial Accounting Concepts
ISBN: 9780073526799
4th Edition
Authors: Thomas Edmonds, Bor-Yi Tsay, Philip Olds
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