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What Particular should I enter under ( Comparative Income Statement )? For the Years Ended December 31 , For the Month Ended December 31, or
What Particular should I enter under ( Comparative Income Statement )? For the Years Ended December 31 , For the Month Ended December 31, or December 31?
Prepare a horizontal analysis of the income statement data for Carla Vista Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%.) CARLA VISTA CORPORATION Comparative Income Statement Increase or (Decrease) During 2022 Amount Percentage 2022 2021 Net sales $637.500 $555,200 $ % Cost of goods sold 454,100 418,600 % Gross Profit 183,400 136,600 % Operating expenses 74,500 48,700 Net income $ 108,900 $ 87,900 $ % (6) Prepare a vertical analysis of the income statement data for Carla Vista Corporation for both years. (Round percentages to 1 decimal place, eg. 12.1%.) CARLA VISTA CORPORATION Condensed Income Statements 2022 Percent 2021 Percent $637.500 % $555,200 % Net sales Cost of goods sold Gross Profit 454,100 418,600 183,400 % 136,600 % Operating expenses 74.500 % 48,700 Net income $ 108,900 % $ 87,900 6Step by Step Solution
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