Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Data for Muscateer Designs, Inc. follow (Click the icon to view the data.) i Data Table Read the requirements. imal place, X.X%. Use a minus
Data for Muscateer Designs, Inc. follow (Click the icon to view the data.) i Data Table Read the requirements. imal place, X.X%. Use a minus sign Requirement 1. Prepare a horizontal analysis of the comparative income statement of Muscateer Designs, Inc. R parentheses to indicate a decrease.) Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2017 Net Sales Revenue $ 432,550 S 373,450 Increase (Decrease) Amount Percentage 2018 2017 Expenses: Cost of Goods Sold Selling and Administrative Expenses $ 432,550 $ 373,450 L % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses 203,000 189,350 96.000 94,750 7,450 5,000 306.450289,100 126,100 S 84,350 Total Expenses 203,000 96,000 7,450 306,450 189,350 L 94,750 5,000 289,100 $ Net Income Other Expenses Total Expenses Done 126,100 $ 84,350 Net Income Requirement 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Net income increased by a higher percentage than total net sales revenue during 2018 because
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started