Check my work The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions), 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax and other operating costs, did Insignia earn more profit per dollar of revenue in 2015 compared to 2014? 2:50 Complete this question by entering your answers in the tabs below. ces Reg 1 Reg 2A Reg 28 Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions), (Decreases should be indicated by a minus sign. Enter your answers in billions (ie, 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) Show less INSIGNIA CORPORATION Prey 1 of 1 !!! Next A End of Semeste....docx End of Semeste....docx Syllabus 372FALL....pdf 9 Syllabus372FALL...pdf AB 14 20 Check my w Reg 1 Reg 2A Reg 2B Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (.e., 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) Show less INSIGNIA CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 Change in Dollars Percentage % % 2015 2014 $ 127 $ 263 64 151 57 53 6 59 Revenues Cost of Crude Oil and Products Other Operating costs Income before Income Tax Expense Income Tax Expense Net Income % % % % 0 45 14 $ 6 $ Prey 1 of 1 !!! Next Syllabus 372FALL...pdf End of Semeste....docx A End of Semeste....docx A Syllabus372FALL.... 20 (9 W AH Reg 1 Req 2A Req 2B Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) INSIGNIA CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 2015 Revenues $ 127 % Cost of Crude Oil and Products 64 % Other Operating Costs 57 % Income before Income Tax Expense 6 % Income Tax Expense % Not Income $ 6 % $ 2014 263 151 53 59 % % % % % 45 14 $ Prey 1 of 1 !!! Next > A End of Semeste....docx Syllabus 372FALL....pdf A End of Semeste....docx Syllabus 372FALL 33 W 20 A HILL