Question
Olin Copy Corporation reported the following amounts on its 2012 comparative income statement: (In thousands) 2012 2011 2010 Revenues $ 6, 400 $ 4,575 $
Olin Copy Corporation reported the following amounts on its 2012 comparative income statement: (In thousands)
2012 2011 2010
Revenues $ 6, 400 $ 4,575 $ 3,850
Cost of sales 3,900 2,650 2,050
Perform a horizontal analysis of revenues and cost of sales in both dollar amounts and in percentages for 2012 and 2011, using 2010 as the base year. Using 2010 as the base year, perform a horizontal sales analysis. (Round the percentage change to the nearest whole percent.)
2012 2011 2010
Sales $6,400 $4,575 $3,850
$ change ? ? ?
% change ? % ?% 100%
Complete the horizontal cost of sales analysis using 2010 as the base year. (Round the percentage change to the nearest whole percent.)
|
| 2012 |
| 2011 |
| 2010 |
|
| Cost of sales | $3,900 | $2,650 | $2,050 | |||
| $ change |
|
|
| |||
| % change |
| % |
| % | 100 | % |
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