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Prepare a horizontal now says for 2020 to using 2021 as the base year. thanks! The income statements for Federer Sports Apparel for 2022 and
Prepare a horizontal now says for 2020 to using 2021 as the base year. thanks!
The income statements for Federer Sports Apparel for 2022 and 2021 are presented below: Required: Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Increase (Decrease) Amount % 0 228 1 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year 2022 2021 $ 17 800,000 $ 14,500,000 $ 13,563,600 6,409,000 4,236,400 8.091.000 1,335,000 971500 765.400 765 400 17.800 1.246.000 203,000 872 200 6.151.100 249,200 1,725,500 $ 623,000 $ 4,425 600 Step by Step Solution
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