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Show the horizontal analysis of the income statement

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Question - Here are the comparative income statements of Sandhill Corporation.

SANDHILL CORPORATION Comparative Income Statement For the Years Ended December 31

 

2022

2021

Net sales

$621,600

$541,200

Cost of goods sold

450,400

439,700

Gross Profit

171,200

101,500

Operating expenses

70,300

42,500

Net income

$100,900

$59,000

Required -

(a) Show the horizontal analysis of the income statement data for Sandhill Corporation, using 2021 as a base.

(b) Show the vertical analysis of the income statement data for Sandhill Corporation for both years.

Reference no: EM132749157

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