Muscateer Designs, Inc. Comparative Income Statement Net Income Years Ended December 31, 2024 and 2023 2024...

   

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Muscateer Designs, Inc. Comparative Income Statement Net Income Years Ended December 31, 2024 and 2023 2024 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses S S 2023 428,950 S 373 450 204,950 96.000 5,000 305,950 123,000 $ 189.000 92,000 2,000 283,000 90,450 Requirements 1. Prepare a horizontal analysis of the comparative income statement of Muscateer Designs, Inc. Round percentage changes to one decimal place Why did 2024 net income increase by a higher percentage than net sales revenue? 2. Muscateer Designs, Inc. Comparative Income Statement Net Income Years Ended December 31, 2024 and 2023 2024 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses S S 2023 428,950 S 373 450 204,950 96.000 5,000 305,950 123,000 $ 189.000 92,000 2,000 283,000 90,450 Requirements 1. Prepare a horizontal analysis of the comparative income statement of Muscateer Designs, Inc. Round percentage changes to one decimal place Why did 2024 net income increase by a higher percentage than net sales revenue? 2.

Answer rating: 100% (QA)

Here 2024 will be considered a current year and 2023 will be considered a base year The amount of di... View the full answer