From the comparative income statement of Nadeau Company in Figure 22.15, do the following:

a. Prepare a horizontal analysis with the amount of increase or decrease during 2013 along with the percent increase or decrease during 2012 (to the nearest tenth of a percent).
b. Vertically analyze the 2013 column of the income statement (to the nearest tenth of a percent).
c. Prepare a common-size comparative income statement (to the nearest tenth of apercent).

Transcribed Image Text:

NADEAU COMPANY COMPARATIVE INCOME STATEMENT FOR YEARS ENDED DECEMBER 31, 2013, AND DECEMBER 31, 2012 December 31 2013 2012 Net Sales Cost of Goods Sold Gross Profit from Sales 600 어어어00 50010101이00 300 이 이 어 001250101010100 300 이 어 어0011 250101010100 rating Expenses Sellin 301 01어어0011 50101010100 600oo00 100loooloo 이이어001| 150 01010100 210 oloooo 10000000 3( 01)1010011 40101010100 18010101010 60101010100 72101010001 24101010100 08 00000 3600000 General and Administrative rating Expenses Total rating Income Less Interest Expense Income Before Taxes Income Taxes Net Income