d Safari File Edit View History Bookmarks Window Help Here are the comparative income statements of Swifty Corporation. SWIFTY Comparative Income Statement For the Years Ended December 31 2017 2016 $614,700 $551,200 Net sales Cost of goods sold 600 427,600 Gross Profit Operating expenses 75,700 48.200 Net income 160,100 123,600 $ 84,400 $ 75,400 Prepare a horizontal analysis of the income statement data for Swifty Corporation, using 2016 as a base. (if amount and percentage are the numbers as negative, eg. . 55,000. . 20% or (S 5,000, (20%). Round percentages to i decimal place, e .12.1 d SWIFTY CORPORATION Increase or (Decrease) During 2017 2017 2016 Amount Percentage Safari Fle Edr View History Bookmarks Window Helo Prepare a horizontal analysis of the lincome statement data for Swifty Corporation,using 2016 as a base. (if amount and percentage are a decrease the numbers es negative, eg.-55,000,-20% or (55,0001.20%). Round percentages to i decimal place, 4 12.1%) SWIFTY CORPORATION Increase or (Decrease) During 2017 2017 7 2016 Amount 614,700 $551,200 Cost of goods sold 454,600 427 600 60,100 123,600 Operating expenses 75,700 48,200 $ 84,400 $75,400 Net sales Gross Prof Net income b) Prepare a vertical analysis ofthe income statement data for Swifty Corporation for both years (Round percentages to , derinal place.. 12 ,%) SWIFTY CORPORATION 5 6 Safari Fie Edit vew History Bookmarks window Help b) Prepare a verticalanalysis of the income statement data for Swilfty Corporation for both years(Round percentages to 1 decimal place,e.12 2017 2016 Percent Percent % $551,200 % 427,600 % 123.600 %48200 % S75A00 Net sales $ 614,700 Cost of goods sold 454,600 160,100 Operating expenses 75,700 84.400 Gross Profit Net income eTextbook and Media Attempts: 0 of 5 used 3 5 6