=+PR 17-1A Horizontal analysis for income statement obj. 1

✔ 1. Net sales 10.0% increase Chapter 17 Financial Statement Analysis 807 For 2010, Othere Technology Company initiated a sales promotion campaign that included the expenditure of an additional $20,000 for advertising. At the end of the year, George Wallace, the president, is presented with the following condensed comparative income statement:

Othere Technology Company Comparative Income Statement