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Font .60 J12 Alignment Number A B C 5.1 Horizontal Analysis D E F Points: 9 items @ 2 points = 18 points G Concept - Comparing performance of various components of a business unit with the past. Daffy and Friends Use the table to the right to assist in the calculation of the % change Horizontal Analysis of Income Statements Percent Change Directions: Perform a Horizontal Analysis of the income statements based on 15 over 2018 the information provided below 6 Sales 75% Daffy and Friends 7 Cost of Goods Sold 0% Income Statement Change in 2018 28 Selling Expense 0% 2018 2017 1 Sales compared to 2017 % Cha S 350,000 200,000 S 29 Administrative Expenses 0% $ 2 Cost of Goods Sold 150,000 200,000 124,000 30 Interest Expense 0% 13 Selling Expenses 35,000 20,000 31 Total Expense 0% 14 Administrative Expenses 22,000 18,000 0% 15 Interest Expense 8,500 8,000 32 Income Before Taxes 16 Total Expenses 265,500 170,000 33 Income Taxes Expense 0% 17 Income Before Taxes 84,500 30,000 34 Net Income (loss) 0% 18 Income Tax Expense 3,000 3,000 19 Net Income 81,500 27,000 35 20 36 21 37 22 23 Daffy and Friends 38 Helpful Resources Horizontal Apalucic of Income Statemente. Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.63 39 Ready 40 Horizontal Analysis Video O 14 4 Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 Type here to search e Ready Type here to search O e