pvn.3 Financial information for Tamarisk, Inc. ispresented below.December 31, 2022December 31, 2021$167,000$128,000449,000378,00099,50084,000178,500109,000184,500129,000153,500184,000Prepare a schedule showing a horizontalanalysis for 2022 using 2021 as the base year.(If amount and percentage are a decreaseshow the numbers as negative, e.g. -55,000,-20% or (55,000), (20%). Roundpercentages to 1 decimal place, e.g. 12.1%.)

Let's break down each line item's horizontal analysis in more detail:Sales:Sales increased from…

Answered: Financial information for Tamarisk,…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 16E

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