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Requirement 1. Prepare a horizontal analysis of the comparative income statement of Muscateer Designs, Inc. Round percentage changes to one decimal place. (Round the percentages
Requirement 1. Prepare a horizontal analysis of the comparative income statement of Muscateer Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate decrease.) Data table Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 Net Sales Revenue $ 432,550 $ 375,750 % 2017 Expenses: Cost of Goods Sold Selling and Administrative Expenses 189,350 % Net Sales Revenue $ 432,550 $ 375,750 200,250 100,000 7,450 % 91,000 2,000 Expenses: Cost of Goods Sold Other Expenses % 200,250 189,350 Total Expenses 307,700 282,350 % Selling and Administrative Expenses 100,000 7,450 91,000 2,000 $ 124,850 $ 93,400 Net Income % Other Expenses Total Expenses 307,700 282,350 $ 124,850 $ 93,400 - X Net Income Requirements Print Done 1. Prepare a horizontal analysis of the comparative income statement of Muscateer Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Heln me solve this Clear all Check
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