Question
. Complete the two final columns shown beside each item in Tiger Audio's comparative financial statements. 1. Which account increased by the largest dollar
. Complete the two final columns shown beside each item in Tiger Audio's comparative financial statements. 1. Which account increased by the largest dollar amount? . Which account increased by the largest percentage? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Complete the two final columns shown beside each item in Tiger Audio's comparative financia be indicated by a minus sign. Round percentage values to 1 decimal place.) Income Statement TIGER AUDIO Horizontal Analysis Current Previous Increase (Decrease in Current (versus Prev Amount Percen Sales Revenue $ 231,500 188,800 Cost of Goods Sold 137,150 116,700 Gross Profit 94,350 72,100 Operating Expenses 37,800 32,830 Interest Expense 5,900 4,980 Income before Income Tax Expense 50,650 34,290 Income Tax Expense (30%) 15,195 10,287 Net Income $ 35,455 $ 24,003 Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable $ 23,680 $ 27,570 16,900 15,700 26,050 22,700 146,000 128,500 $ 212,630 $ 194,470 $ 25,200 $ 23,650 Income Tax Payable 4,900 4,320 Notes Payable (long-term) 87,000 99,000 Total Liabilities 117,100 126,970 Common Stock (par $1) 27,000 27,000 Retained Earnings 68,530 40,500 Total Liabilities and Stockholders' Equity $ 212,630 $ 194,470 Req 1 Req 2A >
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