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Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.)
Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.)
b. Prepare a vertical analysis of the balance sheet data for Nike for 2020.
Prepare horizontal and vertical analyses.
E13.6 (LO 2) Here are the comparative income statements of Delaney Corporation.
| Delaney Corporation Comparative Income Statements For the Years Ended December 31 | ||||
| 2020 | 2019 | |||
| Net sales | $598,000 | $500,000 | ||
| Cost of goods sold | 477,000 | 420,000 | ||
| Gross profit | 121,000 | 80,000 | ||
| Operating expenses | 80,000 | 44,000 | ||
| Net income | $41,000 | $36,000 | ||
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