Comparative income statements for Berg Company are given as follows: Required Prepare horizontal and vertical analyses of

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Comparative income statements for Berg Company are given as follows:

Required
Prepare horizontal and vertical analyses of Berg's income statement data and comment on the current status of the company. Round percentages to one decimal point (i.e., 4.8%)

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 03:05 AM

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Comparative income statements for Berg Company are given as follows: Required Prepare horizontal and vertical analyses of

Question:

Berg Company Comparative Income Statements For the Years Ending December 31 2012 2011 Net sales Cost of goods sold Gross profit Operating expenses Net income S812,000 $812,000 649,600 664,364 $162,400 $147,636 84,448 79,724 77,952 67,912

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Horizontal analysis Net sales 812000 812000812000 0 change Cost of goods sold 649600 6643646...View the full answer

Financial ACCT2

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