For 2012, Eurie Company reported its most significant decline in

For 2012, Eurie Company reported its most significant decline in net income in year. At the end of the year, H. Finn, the president, is presented with the following condensed comparative income statement:


Eurie Company Comparative income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 $800,000 Sales 5928,


Instructions
1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 2011 as the base year. Round to one decimal place.
2. To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in(1)

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