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The comparative financial statements of Seward, Inc. include the following data; Current Year Prior Year $132,000 56,000 39,200 3,700 5,200 27,900 $ 102,000 48,000 32,200
The comparative financial statements of Seward, Inc. include the following data; Current Year Prior Year $132,000 56,000 39,200 3,700 5,200 27,900 $ 102,000 48,000 32,200 3,700 4,200 13,900 Income Statement Net Sales Revenue Cost of Goods Sold Operating Expenses Interest Expense Income Tax Expense Net Income Balance Sheet Current Assets Plant, Property and Equipment, Net Current Liabilities Long-Term Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity 117,000 100,000 46,000 44,000 127,000 217,000 97,000 107,000 39,000 44,000 121,000 204,000 Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from the prlor year to the current year? Multiple Choice An increase in net income of 415% An increase in Interest expense of 40.8% An increase in sales revenue of 40.2% Current Liabilities Long-Term Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity 46,000 44,000 127,000 217,000 Which of the following would be shown on Seward's horizontal analysis when calculatir Multiple Choice An increase in net income of 41.5% An increase in interest expense of 40.8% O An increase in sales revenue of 40.2% O An increase in gross profit of 40.7%
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