ezto.mheducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation CO Excercises Chapter Thirteen Saved 2 Income statements for Perez Company for Year 3 and Year 4 follow: PEREZ COMPANY Income Statements Sales 3 Year 4 $201,000 Year 3 $181,000 Cost of goods sold points 142,100 120,100 Selling expenses 20,500 18,500 Administrative expenses 12,000 14,000 Interest expense 3,800 5,800 eBook Total expenses $178,400 $158,400 Income before taxes 22,600 6,800 22,600 3,800 $ 15,800 $ 18,800 Hint Print References Income taxes expense Net income Required a: Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) PEREZ COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 < Prev 2 of 5 Next >