Question: Exercise 2-23 Horizontal and Vertical Analyses Comparative income statements are available for Johanna's Fine Furs: 2011 201 Sales $850,000 $800,000 Cost of sales 325,000 75.000

Exercise 2-23 Horizontal and Vertical Analyses Comparative income statements are available for Johanna's Fine Furs: 2011 201 Sales $850,000 $800,000 Cost of sales 325,000 75.000 Gross profit 525,000 525,000 Operating expenses 175.000 120 000 operating

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