The comparative income statements of Accra Pies are shown below. (a) Prepare a horizontal analysis of the

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The comparative income statements of Accra Pies are shown below.

(a) Prepare a horizontal analysis of the income statement data for Accra using 2008 as a base. (Show the amounts of increase or decrease.)
(b) Prepare a vertical analysis of the income statement data for Accra in columnar form for bothyears.

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Hospitality Financial Accounting

ISBN: 978-0470083604

2nd Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.

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Question Posted: Feb 06, 2013 06:42 AM

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The comparative income statements of Accra Pies are shown below. (a) Prepare a horizontal analysis of the

Question:

ACCRA PIES Comparative Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Operating expenses Net income 2009 $600,000 480,000 120,000 57,200 S 62,800 2008 $500,000 420,000 80,000 44,000 36,000

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a b Net sales Cost of goods sold Gross profit Operating expenses ...View the full answer

Hospitality Financial Accounting

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