Horizontal analysis of the comparative income statement

Reference no: EM13767400

Data for Mariner Designs, Inc., follow:

MARINER DESIGNS, INC.
Comparative Income Statement
Year Ended December 31, 2012 and 2011

2012 2011
Net sales revenue $431,000 $372,350
Expenses:
Cost of goods sold $200,000 $187,550
Selling and general expenses 99,000 91,050
Other expense 8,350 6,850
Total expense $307,350 $285,450
Net income $123,650 $86,900

Required:

1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.

2. Why did 2012 net income increase by a higher percentage than net sales revenue?

Reference no: EM13767400

Questions Cloud

Fire protection essay : Write an essay discussing the benefits of residential sprinkler systems, in particular, water mist and water spray systems. Your response must be at least one page in length, double spaced, and 12-point Times New Roman font. All sources used, incl..

Community preparedness plan : Respond the given topic: Community Preparedness Plan for Dealing with Uncertainty and Mitigation of an Active Shooting

What is a hero and what is a good parent : Using the definition essays you read as examples, write a 500-word definition essay about a topic of your choice. You may consider one of the following: What is a hero? What is a good parent? What is an ethical choice?

Describe the use of arrays and subscripts : Describe the use of arrays and subscripts, and the steps involved in declaring, initializing, loading, and searching arrays. Use technology and information resources to research issues in computer programming design.

Horizontal analysis of the comparative income statement : Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.

Develop a plan that reflects your consideration : develop a plan that reflects your consideration of uncertaintyand mitigation. It may be an elementary school, a middle school, a high school or even a college or university. You have just received a call from the mayor's office that parents are in..

What would you do to reduce poverty in u.s? : Outline 4 specific ideas about how leadership, authority etc. could reduce poverty in the U.S. This is one those questions, if you were in charge for the day, what would you do to reduce poverty. Complete the assignment question in one document. Cons..

Urban and rural healthcare : Discuss whether government plays a role to ensure an adequate healthcare workforce. Identify three ways that local, state, or federal governments can positively impact workforce shortages.

Understanding behavior and family dynamics : The text states that communication is the foundation of successful parenting. Explain why communication is necessary in order to build a healthy parent-child relationship.

User Account

All Pages