The comparative condensed income statements of Hendi A.. are shown below. Instructions a. Prepare a horizontal analysis

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The comparative condensed income statements of Hendi A.Ş. are shown below. image text in transcribed

Instructions

a. Prepare a horizontal analysis of the income statement data for Hendi using 2024 as a base.
(Show the amounts of increase or decrease.)

b. Prepare a vertical analysis of the income statement data for Hendi in columnar form for both years.
Compute liquidity ratios and compare results.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 05, 2024 01:25 AM

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The comparative condensed income statements of Hendi A.. are shown below. Instructions a. Prepare a horizontal analysis

Question:

Hendi A.. Comparative Condensed Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Operating expenses Net income 2025 2024 600,000 500,000 468,000 400,000 132,000 100,000 60,000 54,000 72,000 46,000

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Financial Accounting With International Financial Reporting Standards

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