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(Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) The income statements for Anything Tennis for the years
(Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)
The income statements for Anything Tennis for the years ending December 31, 2018 and 2017, are provided below Required 1. Complete the "Amount" and "96" columns to be used in a horizontal analysis of the income statements for Anything Tennis ANYTHING TENNIS Income Statements For the Years Ended December 31 Increase (Decrease) 2018 2017 Amount S 3,525,000 S 2,640,000 1,385,000 1,255,000 634,000 621,000 6,100 627,100 141,000 S 459,700 S 486,100 Net sales Cost of goods sold 2,160,000 1,365,000 815,000 550,000 10,200 560,200 100,500 Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net incomeStep by Step Solution
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