Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a horizontal analysis of both the balance sheet and income statement for Year 4 and Year 3. Complete this question by entering your answers

image text in transcribedimage text in transcribed
Prepare a horizontal analysis of both the balance sheet and income statement for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Income Balance Sheet Statement Prepare a horizontal analysis of the income statement for Year 4 and Year 3. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). BENSON COMPANY Horizontal Analysis of Income Statements Year 4 Year 3 % Change Revenues Sales (net) $ 231,800 $ 211, 100 Other revenues 9.400 6,800 Total revenues 241,200 217,900 ExpensesPrepare a horizontal analysis of the income statement for Year 4 and Year 3. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). BENSON COMPANY Horizontal Analysis of Income Statements Year 4 Year 3 % Change Revenues Sales (net) $ 231,800 $ 211, 100 % Other revenues 9.400 6,800 Total revenues 241,200 217,900 Expenses Cost of goods sold 119,600 101,300 Selling, general, and administrative expenses 54,700 49,000 Interest expense 7,500 6,700 Income tax expense 22, 100 21, 100 Total expenses 203,900 178, 100 Net income (loss) $ 37,300 $ 39,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial & Managerial Accounting The Financial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

0133255573, 978-0133255577

More Books

Students also viewed these Accounting questions

Question

Find Vx in the circuit shown. + V, 2 V

Answered: 1 week ago

Question

1. Make sure you can see over partitions.

Answered: 1 week ago