Question
(000's omited) 2019 2018 Net sales 200 150 cost of goods sold 135 110 gross margin 65 40 operating expenses 40 30 interest expense 7
(000's omited) 2019 2018
Net sales 200 150
cost of goods sold 135 110
gross margin 65 40
operating expenses 40 30
interest expense 7 5
income before taxes 18 5
income tax 9 2.5
net income 9 2.5
Could one of you tutors help me prepare horizontal analysis and comment on the changes between year 2018 and 2019?
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
