Income statements for Puppy Daycare Company for Year 3 and Year 4 follow Items Sales Cost...

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Income statements for Puppy Daycare Company for Year 3 and Year 4 follow Items Sales Cost of goods sold Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Required: Year 41 $139,000 Year 3 $122,600 68,500 41,400 18,500 21,500 27,500 25,500 114,500 88,400 24,500 34,200 8,550 $ 19,600 $ 25,650 4,900 a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B Required A Required B 4. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year Note: Round percentages to 1 decimal place. Negative amounts should be entered with a minus sign. Horizontal Analysis of Income Statements Puppy Daycare Company Year 4 Year 3 % Change over Year 3 Sales Cost of goods sold Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income Required B > Ch Required A Required Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Note: Round percentages to 1 decimal place. Sales Cost of goods sold Selling expenses Administrative expenses Total expenses Income before taxes: Income taxes Net income Puppy Daycare Company Vertical Analysis of Income Statements Year 4 % of Sales Year 3 % of Sales Income statements for Puppy Daycare Company for Year 3 and Year 4 follow Items Sales Cost of goods sold Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Required: Year 41 $139,000 Year 3 $122,600 68,500 41,400 18,500 21,500 27,500 25,500 114,500 88,400 24,500 34,200 8,550 $ 19,600 $ 25,650 4,900 a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B Required A Required B 4. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year Note: Round percentages to 1 decimal place. Negative amounts should be entered with a minus sign. Horizontal Analysis of Income Statements Puppy Daycare Company Year 4 Year 3 % Change over Year 3 Sales Cost of goods sold Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income Required B > Ch Required A Required Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Note: Round percentages to 1 decimal place. Sales Cost of goods sold Selling expenses Administrative expenses Total expenses Income before taxes: Income taxes Net income Puppy Daycare Company Vertical Analysis of Income Statements Year 4 % of Sales Year 3 % of Sales

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Required A Horizontal Analysis To perform horizontal analysis well calculate the percentage change i... View the full answer