Income statements for Franklin Company for Year $3$ and Year $4$ follow:

Perform a horizontal analysis, showing the percentage change in each income statement component between Year $3$ and Year $4.$

Perform a vertical analysis, showing each income statement component as a percentage of sales for each year.Income statements for Franklin Company for Year $3$ and Year $4$ follow:

Required

a$.$ Perform a horizontal analysis, showing the percentage change in each income statement component between Year $3$

and Year $4.$

b$.$ Perform a vertical analysis, showing each income statement component as a percentage of sales for each year.

Complete this question by entering your answers in the tabs below.

Required A

Perform a horizontal analysis, showing the percentage change in each income statement component between Year $3$ and Year

Note: Negative answers should be indicated by a minus sign. Round your answers to $1$ decimal place. $($i$.$e$.,0\mathrm{.}234$ should be

entered as $23\mathrm{.}4).$