Acct301

-> C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... Week 7 Quiz Sured Help Save & Exit Submit 3 Income statements for Jordan Company for 2018 and 2019 follow JORDAN COMPANY Income Statements 2819 2018 Sales $200, 500 $180, 580 5 Cost of goods sold 142, 206 120,200 Selling expenses 21,980 19,960 points Administrative expenses 12, Be0 14,800 Interest expense 3.608 Slapped 5,600 Total expenses $180, 508 3160, 508 Income before taxes 20,060 20, 090 Income taxes expense 5,400 3, 200 Net income $ 14, 608 $ 16,808 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. 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 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 answers to 1 decimal place. (i.e., -234 should be entered as 23.4).) JORDAN COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales 2019 Sales 2018 Sales 96 Cost of goods sold Selling expenses Administrative expenses Mc Jmy Prev. 3 of 5 Next >