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2 nts eBook Hint Ask Print References Exercise 12-3 (Algo) Prepare horizontal analysis (LO12-2) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year $ S 2025 18,600,000 $ 13,280,400 5,319,600 1,543,800 948,600 167,400 1,450,800 1,209,000 400,200 799,800 $ 2024 15,300,000 6,885,000 8,415.000 1,147,500 948,600 321,300 5,997.600 1,943,100 4,054,500 Increase (Decrease) Amount

2 nts eBook Hint Ask Print References Exercise 12-3 (Algo) Prepare horizontal analysis (LO12-2) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year $ S 2025 18,600,000 $ 13,280,400 5,319,600 1,543,800 948,600 167,400 1,450,800 1,209,000 400,200 799,800 $ 2024 15,300,000 6,885,000 8,415.000 1,147,500 948,600 321,300 5,997.600 1,943,100 4,054,500 Increase (Decrease) Amount

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2 ints eBook Hint Ask Print References Exercise 12-3 (Algo) Prepare horizontal analysis (LO12-2) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year $ $ 2025 18,600,000 $13,280,400 5,319,600 1,543,800 948,600 167,400 1,450,800 1,209,000 409,200 799,800 2024 15,300,000 6,885,000 8,415,000 1,147,500 948,600 321,300 5,997,600 1,943,100 $ 4,054,500 Increase (Decrease) Amount %
Transcribed Image Text:2 ints eBook Hint Ask Print References Exercise 12-3 (Algo) Prepare horizontal analysis (LO12-2) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year $ $ 2025 18,600,000 $13,280,400 5,319,600 1,543,800 948,600 167,400 1,450,800 1,209,000 409,200 799,800 2024 15,300,000 6,885,000 8,415,000 1,147,500 948,600 321,300 5,997,600 1,943,100 $ 4,054,500 Increase (Decrease) Amount %
2 nts eBook Hint Ask Print References Exercise 12-3 (Algo) Prepare horizontal analysis (LO12-2) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year $ S 2025 18,600,000 $ 13,280,400 5,319,600 1,543,800 948,600 167,400 1,450,800 1,209,000 400,200 799,800 $ 2024 15,300,000 6,885,000 8,415.000 1,147,500 948,600 321,300 5,997.600 1,943,100 4,054,500 Increase (Decrease) Amount
Transcribed Image Text:2 nts eBook Hint Ask Print References Exercise 12-3 (Algo) Prepare horizontal analysis (LO12-2) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year $ S 2025 18,600,000 $ 13,280,400 5,319,600 1,543,800 948,600 167,400 1,450,800 1,209,000 400,200 799,800 $ 2024 15,300,000 6,885,000 8,415.000 1,147,500 948,600 321,300 5,997.600 1,943,100 4,054,500 Increase (Decrease) Amount
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