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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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