Pepare a horizontal analysis of the comparative income

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Reference no: EM13590111

2015 2014

Net Sales Revenue: $ 431,000 $ 372,350

Expenses:

Cost of Goods Sold: 200,000 187,550

Selling and 99,000 91,050

Administrative Expenses

Other Expenses: 8,350 6,850

Total Expenses: 307,350 285,450

Net Income $123,650 $86,900

Requirements

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

2. Why did 2015 net income increase by a higher percentage than net sales revenue?

Reference no: EM13590111

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