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The income statements for Urban Outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31 Current Year Prior Year Sales revenue

The income statements for Urban Outfits, Inc. are presented below:

Urban Outfits, Inc. Income Statements Year Ended December 31
Current Year Prior Year
Sales revenue $ 734,556 $ 791,559
Cost of goods sold 364,624 394,615
Gross profit 369,932 396,944
Operating and other expenses 126,480 137,432
Interest expense 16,100 7,450
Income tax expense 44,700 46,000
Net income $ 182,652 $ 206,062

Prepare a horizontal analysis of the income statement above. (Round your answers to the nearest whole percent.)

sales revenue 734,556 791,559 ____amount ____%
cost of good sold369 364,624 394,615 ____amount ____%
gross profit 369,932 396,944 ____amount ____%
operating and other expenses 126,480 137,432 ____amount ____%
interest expense 16,100 7,450 ____amount ____%
income tax expense 44,700 46,000 ____amount ____%
net income 182,652 206,062 ____amount ____%

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