Dennigee's, Inc.

Income Statement Horizontal Analysis

All figures in USD thousands unless stated

Revenues:

Net Sales

Other Income

Total Revenue

Cost and expenses:

Cost of Goods Sold $($COGS$)$

Gross Profit

Operating Expenses $($SG&A$)$

Expenses:

Rent

Utilities

Salaries and Benefits

$,$ Total SG&A

EBITDA ${?}^{?}$

Fill in the information in the shaded cells.

A horizontal analysis compares the information for the current and prior periods. This analysis will help us review how Dennigee's performance has changed compared to last year. For example, have sales increased or decreased? By what percentage have they changed?

Use Excel formulas and show your work. Remember, you can also view the formulas used by clicking on any cell containing a formula.Double$-$clicking on a cell with a formula will highlight the cells used within that formula.

${?}^1$ EBITDA $-$ Earnings Before Interest, Tax, Depreciation, and Amortization

${?}^2$ EBIT $-$ Earning Before Interest and Tax $($also known as Operating Income or Operating Profit$)$

${?}^3$ EBT $-$ Earnings Before Tax