Tomkung Corporations 2010 income statements are presented in the following spreadsheet. Required Construct a spreadsheet to conduct
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Required
Construct a spreadsheet to conduct horizontal analysis of the income statements for 2010 and 2009.
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Percentage Change 3.9% 2010 $1,025,000 795,000 230,000 200.000 30.000 2009 $987.000 Sales 732,000 255,000 Cost of Goods Sold 8.6% -9.8% Gross Margin Operating Expenses Income before Taxes 205.000 50,000 -2.4% -40.0% -41.5% -39.2% Income Taxes 10.000 $20,000 17.100 $32,900 Net Income
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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