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Horizontal Analysis. Does the below chart have the correct calculations? HORIZONTAL ANALYSIS Amazon Comparative Income Statements For the Years Ending December 31 Percentage Difference Current
Horizontal Analysis. Does the below chart have the correct calculations?
| HORIZONTAL ANALYSIS | ||||||
| Amazon | ||||||
| Comparative Income Statements | ||||||
| For the Years Ending December 31 | ||||||
| Percentage Difference | ||||||
| Current Year (2020) | Prior Year (2019) | 2 Years Prior (2018) | (CY - PY)/PY | (PY - 2YP)/2YP | ||
| Net Sales | 386,064 | 280,522 | 232,887 | 38% | 20% | |
| Cost of goods sold | 233,307 | 165,536 | 139,156 | 41% | 19% | |
| Gross Margin | 152757 | 114986 | 93731 | 33% | 23% | |
| Operating expenses: | -75 | 201 | 296 | -137.00% | -32.00% | |
| Selling expenses | 123265 | 95041 | 76678 | 30% | 24% | |
| Administrative expenses | 6668 | 5203 | 4336 | 34% | 20% | |
| Total operating expenses | 363165 | 265981 | 220,466 | 37.00% | 21.00% | |
| Income from continuing operations | 24178 | 13976 | 11261 | 84% | 15% | |
| Income tax expense | -2863 | -2374 | -1197 | 21% | 98% | |
| Nonrecurring items | 16 | -14 | 9 | -14% | -25% | |
| Net income | 21331 | 11588 | 10073 | 84% | 15% | |
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