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#12 Saved Help Save & Exit Submit Check my work Income statements for Benson Company for Year 3 and Year 4 follow: DENSON COMPANY Income
#12 Saved Help Save & Exit Submit Check my work Income statements for Benson Company for Year 3 and Year 4 follow: DENSON COMPANY Income Statements Year 4 Sales $201.400 Cost of goods sold 143,500 Selling expenses 21,400 Administrative expenses 12,300 Interest expense 3,900 Total expenses $181,100 Income before taxes 20,300 Income taxes expense 6,900 Net Income $ 13, 400 Year 3 $181,400 121,500 19,400 14,300 5,900 $ 161, 100 20,300 3,300 $ 17,000 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (.e., 0.234 should be entered as 23.4).) Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (I.e., 0.234 should be entered as 23.4).) BENSON COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 Sales % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net Income (loss) % Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (l.e., 0.234 should be entered as 23.4).) BENSON COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Salos Year 3 Sales % % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income
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