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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
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. INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 55.583.000 $ 4974.095 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 statine.casts and stress Sensual and administrative expeSRS Depreciation and amortization expenses Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense) income, net Income before income lares Income tax provision Net income 10 800 1.050 -600 -16.900 1.900 -500 315.533 261.959
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