Here are the comparative income statements of Olympic Corporation Instructions (a) Prepare a horizontal analysis of the

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Here are the comparative income statements of Olympic Corporation

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Instructions

(a) Prepare a horizontal analysis of the income statement data for Olympic Corporation, using 2001 as a base.

(b) Prepare a vertical analysis of the income statement data for Olympic Corporation for both years.

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Managerial Accounting Tools For Business Decision Making

ISBN: 9780471413653

2nd Canadian Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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Question Posted: May 31, 2024 10:07 AM

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Here are the comparative income statements of Olympic Corporation Instructions (a) Prepare a horizontal analysis of the

Question:

OLYMPIC CORPORATION Comparative Income Statements For the Years Ended December 31 2002 2001 Net sales $550,000 $550,000 Cost of goods sold 440,000 450,000 Gross profit $110,000 Operating expenses Net income 57,200 $100,000 54,000 $ 52,800 $ 46,000

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Managerial Accounting Tools For Business Decision Making

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