Question
Here are the comparative income statements of Carla Vista Corporation. CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net
Here are the comparative income statements of Carla Vista Corporation.
CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31 | ||||
---|---|---|---|---|
2022 | 2021 | |||
Net sales | $610,300 | $540,600 | ||
Cost of goods sold | 448,800 | 426,200 | ||
Gross Profit | 161,500 | 114,400 | ||
Operating expenses | 76,400 | 48,100 | ||
Net income | $ 85,100 | $ 66,300 |
(a) Prepare a horizontal analysis of the income statement data for Carla Vista Corporation, using 2021 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%.)
CARLA VISTA CORPORATION Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 | ||||||||
---|---|---|---|---|---|---|---|---|
Increase or (Decrease) During 2022 | ||||||||
2022 | 2021 | Amount | Percentage | |||||
Net sales | $610,300 | $540,600 | $enter a dollar amount | enter percentages rounded to 1 decimal place | % | |||
Cost of goods sold | 448,800 | 426,200 | enter a dollar amount | enter percentages rounded to 1 decimal place | % | |||
Gross Profit | 161,500 | 114,400 | enter a dollar amount | enter percentages rounded to 1 decimal place | % | |||
Operating expenses | 76,400 | 48,100 | enter a dollar amount | enter percentages rounded to 1 decimal place | % | |||
Net income | $ 85,100 | $ 66,300 | $enter a dollar amount | enter percentages rounded to 1 decimal place | % |
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