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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
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
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