Question: Select income statement data for Bukasy Company for two recent years ended December 31 are as follows: Prepare horizontal and vertical analyses of Bukasys income

Select income statement data for Bukasy Company for two recent years ended December 31 are as follows: Sales Cost of goods sold Gross profit Selling, general, and administrative expenses

Prepare horizontal and vertical analyses of Bukasy’s income statement. Round percentages to one decimal place.

Sales Cost of goods sold Gross profit Selling, general, and administrative expenses Operating income 20Y2 $ 2,200,000 (1,337,500) $ 862,500 (440,000) $ 422,500 20Y1 $ 2,000,000 (1,250,000) $ 750,000 (400,000) $ 350,000

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