Solution-Prepare a vertical analysis for the income

Prepare a vertical analysis for the income statement

Reference no: EM133185407

Question - 1. Using the information below, prepare a vertical analysis for the income statement for 2017.

2. Using the information below, prepare a horizontal analysis of the income statement from 2017.

Artie's Painting Income Statement For the Years Ending December 31, 2016 and 2017
	2017	2016
Net sales	$24,789	$23,642
Cost of goods sold	15,323	14,239
Gross profit	9,466	9,403
Operating expenses	3,873	3,702
Net income	5,593	5,701

Reference no: EM133185407

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Prepare a vertical analysis for the income statement

Reference no: EM133185407

Reference no: EM133185407

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