ACTIVITY 2014 2015 Horizontal Vertical Analysis Analysis Revenue 1,939,500 1,674,675 1- 7. Cost of Goods Sold 900,000 843,975 2. 8. Gross Profit 1,039,500 830,700 3. 9. 10. Selling and General Expenses 445,500 409,725 Other Expenses 37,575 30,825 5. 11. Net Income 556,425 390,150 6. 12.

ACTIVITY 2014 2015 Horizontal Vertical Analysis Analysis Revenue 1,939,500 1,674,675 1- 7. Cost of Goods Sold 900,000 843,975 2. 8. Gross Profit 1,039,500 830,700 3. 9. 10. Selling and General Expenses 445,500 409,725 Other Expenses 37,575 30,825 5. 11. Net Income 556,425 390,150 6. 12.

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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Question

ACTIVITY
Horizontal Vertical
2014
2015
Analysis Analysis
Revenue
1,939,500
1,674,675 1.
7.
Cost of Goods Sold
900,000
843,975
2.
8.
Gross Profit
1,039,500
830,700
3.
9.
10.
Selling and General Expenses 445,500
409,725
Other Expenses
37,575
30,825
5.
11.
Net Income
556,425
390,150
6.
12.

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