Question: Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. 00 Based on the Income Statement below answer the following question:

 Follow the instructions explained in class for Horizontal Analysis on how

Follow the instructions explained in class for Horizontal Analysis on how to analyze accounts. 00 Based on the Income Statement below answer the following question: What is the change percentage from one year to the other on Income from Operations? for your answer round to the whole number DO NOT Use decimals, percentage signs, dollar signs not periods nor commasle. (11) INCOME STATEMENT Fiscal Year in thousands of dollars 2020 2019 53.722.000 $3.460 240 1.550.000 1 230 000 625 500 135.400 32.500 45.700 1 450 000 1.150.000 329 300 163.300 $2.500 35.900 Revenues Costs and expenses Cost of sales Labor expenses Othetenerating costs.and. Sieneland administrative.se Depreciation and amortization expenses Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (pense) income.net Income before income lates Income tax provision Net income -10 500 1.050 -500 -16.900 1.900 300 - 4.581 6333

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