Question
a. Using 2018 as a base period, express all line items of the income statement as a percentage of the corresponding base period item.(horizontal analysis)
a. Using 2018 as a base period, express all line items of the income statement as a percentage of the corresponding base period item.(horizontal analysis)
b. Express each line item of the two income statements as a percentage of sales.(vertical analysis).
c. Comment on the trends revealed by the computations in Requirement 1 and 2.
d.
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Accounting General Journal
Authors: Claudia Gilbertson
11th Edition
1337623121, 9781337623124
