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Richardson Company has a condensed income statement as shown. Sales Total operating expenses Net income Year 2 Year 1 $150,000 $165,500 133,000 147,500 17,000
Richardson Company has a condensed income statement as shown. Sales Total operating expenses Net income Year 2 Year 1 $150,000 $165,500 133,000 147,500 17,000 18,000 Using horizontal analysis, calculate the amount and percent change for sales. Round percentages to one decimal place. OS(15,500), (9.4)% OS(15,500), (10.3% O $15,500, 10.3% $15,500, 19.6%
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