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ROONEY COMPANY Income Statements Year 4 Sales $200,700 Cost of goods sold 143,900 Selling expenses 20,200 Administrative expenses 12,180 Interest expense 3,200 Total expenses $179,400
ROONEY COMPANY Income Statements Year 4 Sales $200,700 Cost of goods sold 143,900 Selling expenses 20,200 Administrative expenses 12,180 Interest expense 3,200 Total expenses $179,400 Income before taxes 21,300 Income taxes expense 5,980 Net Income $ 15,400 Year 3 $180,700 121,900 18,200 14,100 5,200 $159,400 21,300 3,100 $ 18,200 Required o. Perform a horizontal analysis showing the percentage change in each Income statement component between Year 3 and Year 4 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each Income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place the 0.234 should be entered as 23,4).) Perform a horizontal analysis, showing the percentage change in each income sta 4. (Negative answers should be indicated by a minus sign. Round your percentag should be entered as 23.4).) ROONEY COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 Sales % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense % Net income (loss) Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of 5 may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i 23.4).)........... ROONEY COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Sales Year 3 Sales % % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense % % Net income
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