Question: Hall Corporation reported the following operating results for two consecutive years. Required a. Compute the percentage changes in Hall Corporations income statement components between the

Hall reported the following operating results for two consecutive years.

Required
a. Compute the percentage changes in Hall Corporation€™s income statement components between the two years. Round percentages to one decimal point.
b. Comment on apparent trends revealed by the percentage changes computed in Requirementa.

2014 2013 $800,000 500,000 $300,000 125,000 $175,000 Percentage Change Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income $1,000,000 630,000 $ 370,000 190,000 $180,000 50,000 $130,000 40,000 $135,000

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