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Req 1 Req 2A Req 2B Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages

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Req 1 Req 2A Req 2B Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (i.e., 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) INSIGNIA CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 Change in 2015 Percentage 2014 255 147 Dollars $ (151) 125 61 10.9 Revenues Cost of Crude Oil and Products Other Operating Costs Income before Income Tax Expense Income Tax Expense Net Income 1 5 3 S S 18 Reg 2 >

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