View History Bookmarks Window Help ezto mheducation.com u M Connect omework Saved Income statements for Benson Company for Year 3 and Year 4 follow: BENSON COMPANY Income Statements Year 4 Year 3 Sales $200,300 $180,300 Cost of goods sold 142,700 120,700 Selling expenses 20,600 18,600 Administrative expenses 12.800 14,800 Interest expense 3,200 5,200 Total expenses $179300 $199,00 Income before taxes 21,000 21,00 Income taxes expense 5,500 3,500 Net income $ 15,500 $ 17,500 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (.e., 0.234 should be entered as 23.4).) BENSON COMPANY 27 av DO og od . A & 2 $ 4 % 5 3 6 7 8 9 0 W E R T Y U 0 bok Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (l.e., 0.234 should be entered as 23.4).) BENSON COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3 Sales 11.21% Cost of goods sold Seling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (105) % rint rences Required 8 > Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) BENSON COMPANY Vertical Analysis of Income Statements Percentage of Percentage of Sales Year 4 Sales Year 3 Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense % % ces Net Income