Complete the following horizontal analyses of Dragonfly Corporation's income statement. What was the largest percentage increase in
Question:
Complete the following horizontal analyses of Dragonfly Corporation's income statement. What was the largest percentage increase in expenses? What was the largest percentage decrease in expenses? What would explain the changes?
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Percent (in millions) 2019 2018 Change Change $63,762 33,092 $61,890 Sales Cost of Goods So d 30.096 31,794 15,897 7,844 142 Gross Profit Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Prov sion for Taxes Prov sion for Taxes 30,670 15,335 7,052 145 8,138 7,911 2,848 2,769 $ 5,290 $ 5.142 Net Income
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in millions 2019 2018 Change Percent Change Sales 63762 61890 1872 30 Cost of Goods Sol...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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