Data for Mulberry Designs, Inc. follow: E (Click the icon to view the data.) Read the...

 

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Data for Mulberry Designs, Inc. follow: E (Click the icon to view the data.) Read the requirements. Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Net Sales Revenue 431,000 $ 372,350 % Expenses: Cost of Goods Sold 203,850 186,000 % Selling and Administrative Expenses 99,000 93,250 % 9,000 4,650 Other Expenses % 311,850 283,900 Total Expenses % $ 119,150 $ 88,450 Net Income Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 431,000 $ 372,350 Expenses: Cost of Goods Sold 203,850 186,000 Selling and Administrative Expenses 99,000 93,250 Other Expenses 9,000 4,650 311,850 283,900 Total Expenses $ 119,150 $ 88,450 Net Income 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Data for Mulberry Designs, Inc. follow: E (Click the icon to view the data.) Read the requirements. Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Net Sales Revenue 431,000 $ 372,350 % Expenses: Cost of Goods Sold 203,850 186,000 % Selling and Administrative Expenses 99,000 93,250 % 9,000 4,650 Other Expenses % 311,850 283,900 Total Expenses % $ 119,150 $ 88,450 Net Income Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 431,000 $ 372,350 Expenses: Cost of Goods Sold 203,850 186,000 Selling and Administrative Expenses 99,000 93,250 Other Expenses 9,000 4,650 311,850 283,900 Total Expenses $ 119,150 $ 88,450 Net Income 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Data for Mulberry Designs, Inc. follow: E (Click the icon to view the data.) Read the requirements. Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Net Sales Revenue 431,000 $ 372,350 % Expenses: Cost of Goods Sold 203,850 186,000 % Selling and Administrative Expenses 99,000 93,250 % 9,000 4,650 Other Expenses % 311,850 283,900 Total Expenses % $ 119,150 $ 88,450 Net Income Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 431,000 $ 372,350 Expenses: Cost of Goods Sold 203,850 186,000 Selling and Administrative Expenses 99,000 93,250 Other Expenses 9,000 4,650 311,850 283,900 Total Expenses $ 119,150 $ 88,450 Net Income 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue? Data for Mulberry Designs, Inc. follow: E (Click the icon to view the data.) Read the requirements. Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Amount Percentage Net Sales Revenue 431,000 $ 372,350 % Expenses: Cost of Goods Sold 203,850 186,000 % Selling and Administrative Expenses 99,000 93,250 % 9,000 4,650 Other Expenses % 311,850 283,900 Total Expenses % $ 119,150 $ 88,450 Net Income Mulberry Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 431,000 $ 372,350 Expenses: Cost of Goods Sold 203,850 186,000 Selling and Administrative Expenses 99,000 93,250 Other Expenses 9,000 4,650 311,850 283,900 Total Expenses $ 119,150 $ 88,450 Net Income 1. Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round percentage changes to one decimal place. 2. Why did 2018 net income increase by a higher percentage than net sales revenue?

Answer rating: 100% (QA)

1 Increase Decrease 2018 2017 Amount Percentage Net Sales Revenue 431000 3723... View the full answer