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Use the following information to do a horizontal analysis of Manama Corporation's Income statement for the current year and prior year: Account Current Year Previous

Use the following information to do a horizontal analysis of Manama Corporation's Income statement for the current year and prior year:

Account

Current Year

Previous Year

Sales

485900

364200

Cost of Goods sold

364400

262400

Gross Profit

121500

101800

Selling & General Expenses

78000

68000

Net Income

43500

33800

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