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Complete the horizontal analysis for the comparative income statement below. Do not use parentheses to indicate a decrease. Round to the nearest tenth of a
Complete the horizontal analysis for the comparative income statement below. Do not use parentheses to indicate a decrease. Round to the nearest tenth of a percent. Click to view the incomplete compartive income statement Increase or Decrease Amount Percent This Year $1,781,676 $10,608 $1,821,120 % $ $ $1,106,750 $ Last Year $1,692,000 $12,000 $1,680,000 $950,000 $730,000 $248,000 $78,000 $122,000 $17,000 $18,000 Gross Sales Returns Net Sales Cost of Goods Sold Gross Profit Wages Rent Advertising Utilities Taxes on Inv., Payroll Miscellaneous Expenses Net Income $ $753,360 $253,704 $83,148 $133,590 $31,042 $ % 1% $ $ $17,856 $ $63,104 $58,000 $ $193,347 $189,000 $
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