This paper circulates around the core theme of Prepare a horizontal analysis of the income statement data for Marks Corporation using 2014 as a base. (Show the amounts of increase or decrease.) together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
The comparative condensed income statements of
Marks Corporation are shown below.
MARKS CORPORATION
Comparative
Condensed Income Statements
For the
Years Ended December 31
2015
2014
Net
sales $620,000 $500,000
Cost of
goods sold
450,000 400,000
Gross
profit 170,000 100,000
Operating
expenses 54,000 40,000
Net
income $116,000 $ 60,000
Instructions
(a) Prepare a horizontal analysis of the income
statement data for Marks Corporation using 2014 as a base. (Show the amounts of
increase or decrease.)
(b) Prepare a vertical analysis of the income
statement data for Marks Corporation in columnar form for both years
