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 Total Cost and Expenses? * for your answer round to the whole number DO NOT use decimals, percentage signs, dollar signs not periods nor commas. i.e., ( 11 )

Answer:

INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 $ 3.722.000 $3.460.240 1.550.000 -222 1.230.000 625.500 135.400 $2.500 45.700 to 1.450.000 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 6.383 4.881 Answer: O ir W ACES