The income statements for The Sports Warehouse for the years ending December 31, 2016, and 2015, are

Question:

The income statements for The Sports Warehouse for the years ending December 31, 2016, and 2015, are provided.

The income statements for The Sports Warehouse for the years

Required:
1. Complete the €œAmount€ and €œ%€ columns to be used in a horizontal analysis of The Sports Warehouse€™s income statement.
2. Discuss the major fluctuations in income statement items during the year.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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