Required : Prepare a horizontal and vertical analysis of Apple Technologies' income statements. Comment on the trends, both favorable and unfavorable. What other information would enhance the analysis?

Apple Technologies has a condensed income statement as shown below.
	Year 2	Year 1
Sales	$ 198,000	$ 203,125
Wages expense	100,000	115,625
Rent expense	35,000	37,500
Utilities expense	37,500	31,250
Total operating expenses	$ 172,500	$ 184,375
Net income	$ 25,500	$ 18,750

Apple Technologies has a cenden ed income w a s shown below. Wapes expense 37.500 Utilities expose Tocal operating expenses 172,500 1805 Nallur 23.500 18.750 Year 2 Year! Percent Change Sales Wages experi Rente Totalrating expenses Net Income otel and vertical analysis of Apple Technologies Income areas. Comment on the trends, her favorable and waferable. Warther information would enhance the analysis Required : Prepare a h Comments