Data for Elderberry Designs, Inc. follow: Requirements 1. Prepare a horizontal analysis of the comparative income statement
Question:
Data for Elderberry Designs, Inc. follow:
Requirements
1. Prepare a horizontal analysis of the comparative income statement of Elderberry Designs, Inc. Round percentage changes to one decimal place.
2. Why did 2025 net income increase by a higher percentage than net sales revenue?
Transcribed Image Text:
ELDERBERRY DESIGNS, INC. Comparative Income Statement Years Ended December 31, 2025 and 2024 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Net Income 2025 $ 431,000 200,000 99,000 8,350 307,350 $ 123,650 2024 $ 372,350 187,550 91,050 6,850 285,450 $ 86,900
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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