Question

The following income statement items are available from Dansby Inc. for the years ending December 31:
Required
a. Prepare a comparative, multi-step income statement for Dansby Inc.
b. Perform horizontal and vertical analyses and interpret the results. Round percentages to one decimal point (i.e., 10.1%).
c. Assume the following change in information: Cost of sales in 2012, $62,470 and in 2011, $45,670. Does this new information change any interpretations previously made?


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  • CreatedJuly 16, 2015
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