Perform a horizontal analysis of Pearle Company 's income statement by computing horizontal percentages for each item 2014 2013 595,000 532,200 Sales 386,200 357,650 Less cost of goods sold Gross Margin 208,800 174,550 Less operating expenses 108,950 99,770 74,780 Income before taxes 99,850 Income ...

Perform a horizontal analysis of Pearle Company's income statement by computing horizontal percentages for each item. 2014

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Perform a horizontal analysis of Pearle Company's income statement by computing horizontal percentages for each item.

2014 2013 |595,000 532,200 Sales 386,200 357,650 Less cost of goods sold Gross Margin 208,800 174,550 Less operating exp

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Managerial Accounting

ISBN: 978-0470578797

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Authors: James Jiambalvo

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Question Posted: Mar 05, 2018 10:31 AM

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Perform a horizontal analysis of Pearle Company's income statement by computing horizontal percentages for each item. 2014

Question:

2014 2013 |595,000 532,200 Sales 386,200 357,650 Less cost of goods sold Gross Margin 208,800 174,550 Less operating expenses 108,950 99,770 74,780 Income before taxes 99,850 Income taxes 29,912 39,940 Net income 59,910 44,868

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