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Below is the comparative income statement of Sunny Chip, Inc. (Click the icon to view the comparative income statement.) Read the requirements. Requirement 1. Prepare
Below is the comparative income statement of Sunny Chip, Inc. (Click the icon to view the comparative income statement.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the comparative income statement of Sunny Chip, Inc. Round percentage changes to the nearest tenth of a percent, X X. . (Use a minus sign or parentheses for a decrease.) Requirement 2. Why did net income increase by a higher percentage than total revenues increased during 2018 ? Net income increased by a higher percentage than total revenues during 2018 because increased at a higher rate than did Data table Requirements 1. Prepare a horizontal analysis of the comparative income statement of Sunny Chip, Inc. Round percentage changes to the nearest tenth of a percent. 2. Why did net income increase by a higher percentage than total revenues increased during 2018
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