From the comparative income statement of Nadeau Company in Figure 22.9, do the following: a. Prepare a
Question:
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 Credit Sales Cost of Goods Sold Gross Profit from Sales 500| 이어 (je)이$400 | О|0|0| 00 이이어001 1500|O/0100 170 00o00 $250 0 0000 rating Expenses: Sellin General and Administrative rating Expenses Total 1 10010101001ド1001000100 600|0|0|00111 501010|0|00 27010101001| 3010|0|이00 3 00 000 1200000 13 200004800000 19|8|0|0|001$ 7리이이()()() rating Income Less Interest Expense Income Before Taxes Income Taxes Net Income
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A B NADEAU COMPANY VERTICAL INCOME STATEMENT YEAR ENDED DECEMBER 31 2013 2013 Percent Net Sales 500 ...View the full answer
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