Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. Based on the Income Statement below answer the following question: What is the change percentage from one year to the other on Net Income? * for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor commas. i.e., ( 11 )

Answer:

:bcollege.com Student Services - Launch Career Centre INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 $5.583.000 $ 4.974.095 1.350.000 1.230.000 625.500 135.400 82.500 45.700 1.250.000 1.150.000 525.300 165,500 $2.500 38.900 Revenues Costs and expenses: Cost of sales Labor expenses Other operating costs and expenses. General and administrative expenses. Depreciation and amortization expenses Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense) income, net Income before income laxes Income tax provision Net income -10.800 1.050 -600 -16.900 1.900 -500 315.533 261.959 Answer: O W acer