Question
McNally Industries has a condensed income statement as shown. Year 2 Year 1 Sales $198,000 $165,500 Total operating expenses 163,000 147,500 Net Income $35,000
McNally Industries has a condensed income statement as shown. Year 2 Year 1 Sales $198,000 $165,500 Total operating expenses 163,000 147,500 Net Income $35,000 $18,000 Using horizontal analysis, compute the amount and percent change for sales. Round percentage to one decimal place.
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Fundamentals of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
1st canadian edition
978-0133400694
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