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Using the following operating data for Tamarisk Corporation, illustrate horizontal analysis. HORIZONTAL ANALYSIS 2020 2019 2020 2019 Net sales $366,520 $308,000 enter percentages % enter
Using the following operating data for Tamarisk Corporation, illustrate horizontal analysis.
| HORIZONTAL ANALYSIS | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||||||||
| Net sales | $366,520 | $308,000 | enter percentages | % | enter percentages | % | |||||
| Cost of goods sold | 246,010 | 168,500 | enter percentages | % | enter percentages | % | |||||
| Operating expenses | 98,400 | 123,000 | enter percentages | % | enter percentages | % | |||||
| Net income | 22,110 | 16,500 | enter percentages | % | enter percentages | % | |||||
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Auditing And Assurance Services An Integrated Approach
Authors: Arens, Elder, Beasley
9th Edition
0130646202, 9780130646200
