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b) Answer the following questions, showing all work where needed. 1. Calculate the Horizontal Analysis on the L.S. Sales and Net Income. Assume 2019 Sales
b) Answer the following questions, showing all work where needed. 1. Calculate the Horizontal Analysis on the L.S. Sales and Net Income. Assume 2019 Sales was $475,000 and 2019 Net Income was $15,000. (2 A) 2. Briefly explain if Dalek Plumbing Supplies is doing better or worse in 2020 in terms of Sales and Net Income. Refer to the answers above, and be sure to explain your reasoning. (3 C) c) Calculate the Vertical Analysis for Equipment. Explain what the result suggests about the "criticality" or importance of Equipment to the company. (1 A, 1 C)
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