Save Mivatin Products Ltd. reported the following on its 2011 comparative income statement: (In millions) 2011 2010 2009 Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Perform a horizontal analysis of net sales, cost of sales, and gross margin, both in dollar amounts and in percentages, for 2011 and 2010. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Mivatin Products Ltd. Income Statement - (Adapted) For the Year Ended December 31, 2011 and 2010 Increase/(Decrease) (amounts in millions) 2011 2010 2011 2010 2009 Amt. % Amt % Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Gross margin
Save Mivatin Products Ltd. reported the following on its 2011 comparative income statement: (In millions) 2011 2010 2009 Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Perform a horizontal analysis of net sales, cost of sales, and gross margin, both in dollar amounts and in percentages, for 2011 and 2010. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Mivatin Products Ltd. Income Statement - (Adapted) For the Year Ended December 31, 2011 and 2010 Increase/(Decrease) (amounts in millions) 2011 2010 2011 2010 2009 Amt. % Amt % Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Gross margin
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Save
Mivatin
Products Ltd. reported the following on its 2011 comparative income statement:|
(In millions)
|
2011
|
2010
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2009
|
|
Net sales
|
$148.5
|
$139.0
|
$149.5
|
|
Cost of sales
|
129.5
|
108.0
|
114.0
|
Perform a horizontal analysis of net sales, cost of sales, and gross margin, both in dollar amounts and in percentages, for 2011 and 2010.
(Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.)
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Mivatin Products Ltd.
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Income Statement - (Adapted)
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For the Year Ended December 31, 2011 and 2010
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Increase/(Decrease)
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(amounts in millions)
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2011
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2010
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2011
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2010
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2009
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Amt.
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%
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Amt
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%
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Net sales
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$148.5
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$139.0
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$149.5
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Cost of sales
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129.5
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108.0
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114.0
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Gross margin
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