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Here are the comparative condensed income statements of Cullumber Corporation. (a) Prepare a horizontal analysis of the income statement data for Cullumber Corporation, using 2024
Here are the comparative condensed income statements of Cullumber Corporation. (a) Prepare a horizontal analysis of the income statement data for Cullumber Corporation, using 2024 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. 55,000,20% or (55,000), (20\%). Round percentages to 1 decimal place, e.g. 12.1\%.) CULLUMBER CORPORATION Condensed Income Statement Cost of goods sold Gross profit 174,600464,800144,800433,400 % % Operating expenses Net income
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