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Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation. Do not use a negative sign in
Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation. Do not use a negative sign in your answers. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). 2019 % % % % % % % % % Vertical Analysis 2020 2019 Income Statement 2020 % of Sales % of Sales Revenues $100,000 $110,000 Cost of goods sold 72,000 81,000 Gross margin 28,000 29,000 Operating expenses 17,600 20,000 % Net income $ 10,400 $9,000 Complete a horizontal analysis of the following income statement from Gomez Corporation. Use a negative sign to indicate a decrease. Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Horizontal Analysis Dollar Percentage Income Statement 2020 2019 Change Change Revenues $100,000 $110,000 $ Cost of goods sold 72,000 81,000 $ % Gross margin 28,000 29,000 $ Operating expenses 17,600 20,000 $ Net income $ 10,400 $ 9,000 $ % % % %
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