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Exercise 12-72 Horizontal Analysis of Income Statements Consoldated income statements for Winged Manufacturing follow Winged Manufacturing Consolidated Income Statements (in thousands except per share amounts)

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Exercise 12-72 Horizontal Analysis of Income Statements Consoldated income statements for Winged Manufacturing follow Winged Manufacturing Consolidated Income Statements (in thousands except per share amounts) Three fiscal years ended December 31, 2019 2018 2017 Sales 59.183.748 $7,976,954 170,52 Costs and expenses Cost of os sold $6,844,915 55,248,834 $3,991,337 Research and development 564,303 664.566 602,135 Selling general, and administrative 1.154,111 1.632362 1,637,262 Restructuring costs and other (126,855) 50.000 $8.666,474 57,300,616 55,200,734 Operating income 5110,33 1805,000 Interest and other income.net 29.121 49.630 Income before comes $500,26 $139,659 Provision for income 190,100 325,000 Net income $310,178 $530,173 Earnings per common and common equivalent share 50.23 Common and common equivalent share used in the 119,125 122.400 calculations of earnings per she Required Prepare common wire income statements for horizontal analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the sign with your answer. For example,100.00 "28.72" For those boxes in which underlying dollar amount is shown as negative use a mission. You do not need to include the actual dollar amounts shown above Winged Manufacturing Consolidated Income Statements Required: Prepare common se income statements for hortzontal analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the sign with your answer. For example, "100.00 *28.72. For those boxes in which underlying dollar amount is shown as negative sea minussion. You do not need to include the actual dollar amounts shown above Winged Manufacturing Consolidated Income Statements 2019 2018 2017 Costs and expenses Cost of goods sold search and development Selline oneral, and administrative Restructuring costs and other Operating into Everest and other one Income before income Provision for comes Net Income Earnings per common and common equivalent share

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