Village Shipping Inc. Income Statement Horizontal Analysis For the years ending December 31, 2014 and December 31, 2015 2014 2015 475,000 265,000 210,000 Sales Cost of goods sold Gross profit 500,000 269,000 231,000 Taxes Office expenses Total expenses Net Income Wages Repairs Rent 163,000 4,150 12,000 17,930 587 154,000 5,800 13,000 16,940 1,023 190,763 19,237 197,667 33,333

Village Shipping Inc. Income Statement Horizontal Analysis For the years ending December 31, 2014 and December 31, 2015 2014 2015 475,000 265,000 210,000 Sales Cost of goods sold Gross profit 500,000 269,000 231,000 Taxes Office expenses Total expenses Net Income Wages Repairs Rent 163,000 4,150 12,000 17,930 587 154,000 5,800 13,000 16,940 1,023 190,763 19,237 197,667 33,333

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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