veyarwy y TUI LUI ILI LINDI VI IEHy voi poiLIVI HIVI VITICILIO TU vyrui pul LU ITU LIITTIILITU I y Icuvu. III per LU LI FILIUL LT porco, ... VI VALLI, ILI IV.C IV W v... VUI L uL WUALS. LI VUJU LIVUIL WU, LILI HILI ILIY VIL Hennesey Corporation Income Statement Years Ended December 31, 2025 and 2024 Increase (Decrease) Amount Percentage 2025 2024 Revenues Net Sales Revenue $ 900,000 $ 200.000 28.6 % 700,000 $ 5,600 0 (5,600) (100.0 % Other Revenues 900,000 705,600 194.400 27.6 % 469,000 174,500 - X Total Revenues Expenses: Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses Total Expenses 643,500 164,700 17,100 Comparative Income Statement 133,700 16,100 31,000 1,000 37.2 % 23.2 % 6.2 % 371.4 % 0.0 % 29,700 3,600 6,300 0 23,400 3,600 Hennesey Corporation Income Statement Years Ended December 31, 2025 and 2024 858,600 625,100 233,500 37.4 % 41,400 $ 80,500 $ (39,100) (48.6) 2025 2024 Net Income % Revenues: Was 2025 a good year or a bad year? Give your reasons. Net Sales Revenue $ According to the horizontal analysis, even though Hennesey's net sales revenue increased the company's expenses increased by a larger percentage , netting an overall reduction in net income from one year to the next. That indicates that 2025 was a bad 900,000 $ 0 700,000 5,600 year in comparison to 2024. Other Revenues Complete a vertical analysis of Hennesey Corporation's comparative income statement. (Round all percentages to the nearest tenth percent, XX. For example, enter 10.2% as 10.2. Complete all input boxes. Enter a "0" for any zero percentages.) 900,000 705,600 Hennesey Corporation Income Statement 643,500 Total Revenues Expenses: Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Years Ended December 31, 2025 and 2024 164,700 469,000 133,700 16,100 6.300 2025 2025 Percent 2024 2024 Percent Revenues: 17,100 29,700 3,600 Net Sales Revenue $ 900.000 % $ 700.000 % 0 Other Expenses Total Expenses Other Revenues % 5,600 % 858,600 625.100 900,000 % 705,600 % $ 41,400 $ 80,500 Net Income % % 643,500 164,700 % % Total Revenues Expenses Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses Total Expenses 469,000 133,700 16,100 6,300 17,100 % % Print Done % % 29,700 3.600 0 % % 858,600 % 625.100 % $ 41,400 $ 80,500 Net Income % %