Check me Income statements for Rooney Company for Year 3 and Year 4 follow. ROONEY COMPANY Income Statements Year 4 Sales $200,900 Cost of goods sold 144,000 Selling expenses 21,100 Administrative expenses 12,600 Interest expense 3.500 Total expenses $181,200 Income before taxes 19,700 Income taxes expense 5,800 Net income $ 13,900 Year 3 $180,900 122,000 19,100 14,600 5.500 $161,200 19,700 3,600 $ 16,100 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 (ie, 0.234 should be entered as 23.4).) ROONEY COMPANY Horizontal Analysis of income Statements Percentage Change over Year Sales Cost of goods sold Selling expenses cort Homework #12 Saved 1 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year 1.66 points 8 09:42:28 Complete this question by entering your answers in the tabs below. eBook Hint Pret 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. (.ex. 0.234 should be entered as 23.4).) ROONEY 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 tres Income taxes expense Net income (6) Preferences Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 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 percentage answers to 1 decimal place. (l.e., 0.234 should be entered as 23.4).) ROONEY COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Sales Year 3 Sales % % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net Income
