Prepare a horizontal analysis of the comparative income statement for Abbie Co. for the years ending December
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Prepare a horizontal analysis of the comparative income statement for Abbie Co. for the years ending December 31, 2020, and December 31, 2019. (Round to the nearest hundredth of a percent as needed.)
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2020 2019 Net Sales $70,000 $45,000 Cost of Goods Sold 36,000 20,000 Operating Expenses 17,900 11,600 Interest Expense 4,700 3,900 Net Income (Loss) $11,400 $ 9,500
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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