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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 |
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