Question
Prepare a horizontal analysis of Nebraska Technologiess income statements. For decreases or negative numbers use a minus sign. Round percentages to one decimal place. 1
Prepare a horizontal analysis of Nebraska Technologiess income statements. For decreases or negative numbers use a minus sign. Round percentages to one decimal place.
| 1 |
| Year 2 | Year 1 | Increase (Decrease) | Percent | Favorable/Unfavorable |
| 2 | Sales | $158,400.00 | $162,500.00 | |||
| 3 | Wage expense | $80,000.00 | $92,500.00 | |||
| 4 | Rent expense | 28,000.00 | 30,000.00 | |||
| 5 | Utilities expense | 30,000.00 | 25,000.00 | |||
| 6 | Total operating expenses | $138,000.00 | $147,500.00 | |||
| 7 | Net income | $20,400.00 | $15,000.00 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Audit Standards A Comparative Analysis
Authors: Walter W. O Willborn
1st Edition
0873890345, 978-0873890342
