Question
Facebook, Inc. reported the following income statement for the years 20X3 and 20X4: 20X3 20X4 Net Sales $1,000,000 Cost of Goods Sold $600,000 Operating Expenses
- Facebook, Inc. reported the following income statement for the years 20X3 and 20X4:
20X3 | 20X4 |
Net Sales | $1,000,000 |
Cost of Goods Sold | $600,000 |
Operating Expenses | $200,000 |
Net Income | $200,000 |
Perform vertical analysis for both years and horizontal analysis comparing 20X4 to 20X3.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
