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

MUNOZ COMPANY

Income Statements

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.

Answer is complete but not enti

Complete this question by entering your answers in the tabs below

Perform a vertical analysis, showing each income statement component as a

may not add exactly due to rounding. Round your percentage answers to $1$

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