Question: HORIZONTAL ANALYSIS INSTRUCTIONS : Prepare a horizontal analysis of the income statement for Moran Corp. using 2018 as a base. Moran Corp. Comparative Condensed Income

HORIZONTAL ANALYSIS
INSTRUCTIONS: Prepare a horizontal analysis of the income statement for Moran
Corp. using 2018 as a base.
Moran Corp.
Comparative Condensed Income Statement
For the years ended December 31
2019 2018
Net Sales 600 500
Cost of goods sold 450 400
Gross Profit 150 100
Operating expenses 54 40
Net Income 96 60

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