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The firm's comparative income statement and balance sheet for the years 2022 and 2021 follow. Required: 1-a. Complete both a horizontal and a vertical
The firm's comparative income statement and balance sheet for the years 2022 and 2021 follow. Required: 1-a. Complete both a horizontal and a vertical analysis of comparative income statement for the years 2022 and 2021. 1-b. Complete both a horizontal and a vertical analysis of comparative balance sheet for the years 2022 and 2021. Analyze: Based on your analysis, which expense category experienced the greatest percentage change? Complete this question by entering your answers in the tabs below. Req 1a Req 1b Analyze Complete both a horizontal and a vertical analysis of comparative income statement for the years 2022 and 2021. (Round your perce decimal place. i.e., 0.123 should be entered as 12.3. Decreases in amounts and percents should be indicated with a minus sign.) The Stair Company Comparative Income Statement For Years Ended December 31, 2022 and 2021 Account name Revenue Sales Amounts 2022 2021 Percent of net sales 2021 2022 Increase or (Decrease) Amount Percent $ 933,800 $ 808,000 101.5 % 101.0 % $ 125,800 15.6 %
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