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Part 1 - Data for Sherwood, Inc. for the years ended December 31, 2019 and 2018 are as follows: Net Sales Cost of Goods Sold
Part 1 - Data for Sherwood, Inc. for the years ended December 31, 2019 and 2018 are as follows: Net Sales Cost of Goods Sold Selling and Administrative Expenses Other Expenses Interest Expense) Income Tax 2019 2018 $850,000 $798,000 635,000 580.000 50,000 35,000 20,000 15.000 40.000 55.000 Prepare a horizontal analysis of the comparative income statement accounts of Sherman, Inc. (Round to one decimal place.) Part 2 - Data for Martin Corp. follow: Martin Net Sales $25.000 Cost of Goods Sold 18.500 Other Expenses 2,150 Net Income $4,350 Prepare a comparative common-size income statement for Martin Corp for the year ending December 31, 2019. Round to two decimal places. B I S TO = = = X x Insert Formula
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