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Income statements for Munoz Company for Year 3 and Year 4 follow: Required a. Perform a horizontal analysis, showing the percentage change in each income
Income statements for Munoz 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 answars in the tabs below. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (Ci.e., 0.234 should be entered as 23.4).) Income statements for Munoz 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 vervical 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. Perform a vertical analysis, showing each income statement component as a percentage of saies for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place, (i.e, 0.234 should be entered as 23.4).)
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