Exercise 13-1A (Algo) Horizontal analysis LO 13-1 Finch Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Finch Corporation's income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).). FINCH CORPORATION Income Statements Year 3 Year 2 Percentage Change % Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net Income (loss) $ 1.297,000 $1,004,500 797.655 602.700 499 345 401,800 303,500 195 500 195 845 206 300 61.800 52.600 $ 134,045 5 153.700 Prov 1 of 5 ! Next >