Income statements for Perez Company for 2018 and 2019 follow: PEREZ COMPANY Income Statements 2019 Sales $200,700 Cost of goods sold 142,400 Selling expenses 21,700 Administrative expenses 12,100 Interest expense 4.000 Total expenses $180,200 Income before taxes 20.500 Income taxes expense 5,600 Net income $ 14,900 2018 $180,700 120,400 19,700 14,100 6,000 $160,200 20.500 3.300 $ 17,200 Book Hint Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Print Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019 (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (.e., 234 should be entered as 23.4).) PEREZ COMPANY Horizontal Analysis of income Statements Parcentage Change over 2018 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. 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 Required B Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) PEREZ COMPANY Horizontal Analysis of Income Statements Percentage Change over 2018 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income foss) Required > 126 Saved Required a. Perform a horizontal analysis, showing the percentage change in each income state b. Perform a vertical analysis, showing each income statement component as a percent Complete this question by entering your answers in the tabs below. Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sa may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 shoul ences PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales 2019 Sales 2018 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net Income ( Required A
