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really struggling please help me Requirement 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round minus sign or parentheses
really struggling please help me
Requirement 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round minus sign or parentheses to indicate a decrease.) e changes to one decimal place nd the decimal place, XXX, Use a Data Table Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Amount Percentage Net Sales Revenue $431,000 $ 372,350 2018 2017 Net Sales Revenue $ 431,000 $ 372,350 Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 203,850 186,000| |[ 1% 99,000 93,250| |% 9,000 Expenses: 4,650 283,900, $119,150 $88,450 Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 203,850 186,000 99,000 93,250 4,650 311,850 283,900 $119,150 $ 88,450 311,850 % 9,000 Net Income Net Income Delta Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Perform a vertical analysis of Delta Designs' balance sheet for each year December 31, 2018 and 2017 2018 Percent of Total 2018 2017 Assets Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets $ 46,150 242,125 36,725 $325,000 Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets $ 46,150 $64,460 242,125 146,500 82,040 $325,000 $ 293,000 36,725 Liabilities Liabilities Total Current Liabilities Long-term Debt Total Liabilities $43,875 115,375 159,250 Total Current Liabilities Long-term Debt Total Liabilities $43,875 $44,536 115,375 200,705 159,250 245,241 Stockholders' Equity Stockholders' Equity 165,750 Total Stockholders' Equity 165,750 47,759 Total Stockholders' Equity $325,000 Total Liabilities and Stockholders' EquityStep by Step Solution
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