Question

During 2013, Ortiz’s Jewelry Store, Inc., began a sales promotion campaign that cost $ 9,672 more than it usually spent on advertising. Following is a condensed partial comparative income statement for the fiscal years ended December 31, 2013, and December 31, 2012.


Required
1. Using horizontal analysis, prepare a comparative income statement for the two-year period. Round percentages to three decimal places.
2. Comment on the percentages of increase ordecrease.


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  • CreatedOctober 21, 2014
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