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Here are the comparative income statements of Carla Vista Corporation. CARLA VISTA CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022
Here are the comparative income statements of Carla Vista Corporation. CARLA VISTA CORPORATION Comparative Income Statements For the Years Ended December 31 December 31, 2022 December 31, 2021 Net sales $779,000 $460.000 Cost of goods sold 447,000 304,000 Gross profit 332.000 156,000 Operating expenses 146,000 112.000 Net income $186.000 $44,000 Your answer is incorrect. 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, eg.-55,000, -12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, eg. 12.1%) , STA CORPORATION ve Income Statements ars Ended December 31 Increase or (Decrease) During 2022 December 31, 2022 December 31, 2021 Amount Percentage $779,000 $ $460,000 $ ods sold 447,000 304,000 % it 332.000 156,000 expenses 146,000 112.000 % e $186,000 $44,000 $ e Textbook and Media X Your answer is incorrect. Prepare a vertical analysis of the income statement data for Carla Vista Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) , CARLA VISTA CORPORATION Comparative Income Statements For the Years Ended December 31 2022 2021 $ Percent $ Percent Net sales $779.000 % % $460,000 % % Cost of goods sold 447.000 % 304,000 % Gross profit 332,000 % 156,000 % Operating expenses 146.000 % 112,000 % Net income $186,000 % $44,000 %
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