Please provide answer in text form with explanation computation for each steps clearly and correctly Net salesCost of goods soldGross profitOperating expensesNet income2025$640,400463.600176,80079,100$97.700ORIOLE CORPORATIONCondensed Income Statement2024$584,700439,100145,60048,700$$ 96,900 $Increase or (Decrease) During 2025AmountPercentage%%Je je%%%

Horizontal analysis is the way to calculate the variance from the different year by year to show an…

Net sales: Cost of goods sold Gross profit Operating expenses Not income 2025 $640,400 463.600 176,800 79,100 ORIOLE CORPORATION Condensed Income Statement 2024 $584,700 439.100 145,600 48,700 $ $97,700 $96,900 $ Increase or (Decrease) During 2025 Amount Percentage % % Je je * % %

Net sales: Cost of goods sold Gross profit Operating expenses Not income 2025 $640,400 463.600 176,800 79,100 ORIOLE CORPORATION Condensed Income Statement 2024 $584,700 439.100 145,600 48,700 $ $97,700 $96,900 $ Increase or (Decrease) During 2025 Amount Percentage % % Je je * % %

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

Please provide answer in text form with explanation computation for each steps clearly and correctly

Net sales
Cost of goods sold
Gross profit
Operating expenses
Net income
2025
$640,400
463.600
176,800
79,100
$97.700
ORIOLE CORPORATION
Condensed Income Statement
2024
$584,700
439,100
145,600
48,700
$
$ 96,900 $
Increase or (Decrease) During 2025
Amount
Percentage
%
%
Je je
%
%
%

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