Groblem $1$

Learning Objective: $4-1$ Differentiate between horizontal and vertical analysis

Income statements for Walton Company for Year $3$ and Year $4$ follow:

$\backslash$table$[[\backslash$table$[[$WALTON COMPANY$],[$Income statements$]]],[,$Year $4,$Year $3],[$Sales$,$$$200,800,$$$180,800$