Select income statement data for Bukasy Company for two recent years ended December 31 are as follows:

Prepar e horizontal and venKal analyses of Bukasys income statement. (Round percentages to one decimal place.)

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

Answer rating: 100% (QA)

Horizontal analysis shows increases and decreases in the amount and perc... View the full answer