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Prepare a analysis income statement for Dollop Inc You are given an income statement for Dollop, INC for the years 2009, 2008, 2007. You are
Prepare a analysis income statement for Dollop Inc You are given an income statement for Dollop, INC for the years 2009, 2008, 2007. You are asked to complete a common size income statement. Complete the calculation for horizontal analysis for the year to year column. by calculating the percentage of change from year to year. Second perform a vertical analysis for percentage of sales by calculating total sales..
2009 | 2008 | 2007 | ||||||
Year to year | Sales % | Year to year | sales % | sales % | ||||
1,000,000 | 700,000 | 600,000 | ||||||
710,000 | 500,000 | 430,000 | ||||||
290,000 | 200,000 | 170,000 | ||||||
240,000 | 160,000 | 120,000 | ||||||
50,000 | 40,000 | 50,000 | ||||||
22,000 | 22,000 | 22000 | ||||||
28,000 | 18,000 | 28,000 | ||||||
13,000 | 6,000 | 9000 | ||||||
15,000 | 12,000 | 19,000 |
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