Complete a Horizontal analysis and a vertical analysis, see attachment with the information

BUSINESS FINANCE/BUDGETING - CHAPTER 4 ASSIGNMENT Wiglaf Company Comparative Income Statement Horizontal Analysis For the Years Ended December 31, 2013 and 2012 Difference Amount $ Difference Percent % 2013 2012 Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Total operating expenses Income from operations Other income Income before income tax Income tax expense Net income 865,800 46,953 818,847 589,600 229,247 84,080 132,400 96,847 3,807 100,654 28,200 72,454 740,000 37,000 703,000 440,000 263,000 59,000 96,000 167,000 3,000 170,000 51,000 119,000 OTHERE TECHNOLOGY COMPANY Comparative Income Statement Vertical Analysis For the Years Ended December 31, 2013 and 2012 2013 2012 2012 2013 Percent % Amount Amount Percent % Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Total operating expenses Income from operations Other income Income before income tax Income tax expense Net income 839,460 16,460 823,000 444,420 378,580 189,290 271,590 106,990 32,920 139,910 57,610 82,300 715,080 7,080 708,000 339,840 368,160 127,440 212,400 155,760 42,480 198.240 77,880 120,360 BUSINESS FINANCE/BUDGETING - CHAPTER 4 ASSIGNMENT Wiglaf Company Comparative Income Statement For the Years Ended December 31, 2013 and 2012 Horizontal Analysis Difference Amount $ Difference Percent % 2013 2012 Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Total operating expenses Income from operations Other income Income before income tax Income tax expense Net income 865,800 46,953 818,847 589,600 229,247 84,080 132,400 96,847 3,807 100,654 28,200 72,454 740,000 37,000 703,000 440,000 263,000 59,000 96,000 167,000 3,000 170,000 51,000 119,000 OTHERE TECHNOLOGY COMPANY Comparative Income Statement For the Years Ended December 31, 2012 and 2011 Vertical Analysis 2013 Amount 2013 Percent % 2012 Amount 2012 Percent % Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Total operating expenses Income from operations Other income Income before income tax Income tax expense Net income 839,460 16,460 823,000 444,420 378,580 189,290 271,590 106,990 32,920 139,910 57,610 82,300 715,080 7,080 708,000 339,840 368,160 127,440 212,400 155,760 42,480 198,240 77,880 120,360