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Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages (rounded to one decimal place) Fill
Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages (rounded to one decimal place) Fill in the blanks: Increase (Decrease) 2019 over 2018 Amount 2019 2018 Percentage 250,000 $ 205,000 $ 45,000 22.0% 150,000 125,000 25,000 % 100,000 40,000 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expenso Income Tax Expense (30%) Net Income 80,000 34.000 25.0% 17.6% 6,000 4,100 3,400 20.6% 55,900 16,770 42,600 12.800 13,300 3,970 % 31.0% 39,130 $ 29,800 31.3%
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