Part 3 - Income Statement Analysis Using the Income Statement analysis Excel schedule that I post on Blackboard, prepare a horizontal and vertical analysis of the companys Income Statement.

After completing your horizontal and vertical analyses, briefly summarize your observations about changes, i.e., financial trends, in the following Income Statement line items for each schedule: 1. Revenue, 2. Income before income taxes, and 3. Net earnings

For these comments, you are to discuss, briefly, the horizontal analysis trend and the vertical analysis trends, not the absolute amounts.

This schedule is missing the row titles, i.e., Revenue, Income before income taxes and net income. Also, the Income before income taxes \%s can't be correct. They're all 100\%, which means that amount is equal to revenue, which isn't correct. Vorthal analveie 4 Financial Analysis of Pfizer May, 2023 Horzonta Analysis After having a steady revenue over the last years, it was a remarkable growth from 2020 to 2021 , practically doubling the amount. Income before taxes fluctuates yearly, with an overall increase of almost 20%. Net income demonstrates a positive trend. After a significant decrease in 2020 , the overall performance in 2021 shows an rorm the horizontal analysis, you have to give ; change amounts for the line items in the lule. I completed the initial line items to show how the % changes are computed. You must complete the remainder of the \% changes. 5 Financial Analysis of Pfizer May 2023 Pfizer, Inc. Comparative Income Statement For 4 fiscal years ending, December 31, 2018, 2019, 2020, \& 2021 This schedule is missing the row titles, i.e., Revenue, Income before income taxes and net income. Also, the Income before income taxes \%s can't be correct. They're all 100\%, which means that amount is equal to revenue, which isn't correct. Vorthal analveie 4 Financial Analysis of Pfizer May, 2023 Horzonta Analysis After having a steady revenue over the last years, it was a remarkable growth from 2020 to 2021 , practically doubling the amount. Income before taxes fluctuates yearly, with an overall increase of almost 20%. Net income demonstrates a positive trend. After a significant decrease in 2020 , the overall performance in 2021 shows an rorm the horizontal analysis, you have to give ; change amounts for the line items in the lule. I completed the initial line items to show how the % changes are computed. You must complete the remainder of the \% changes. 5 Financial Analysis of Pfizer May 2023 Pfizer, Inc. Comparative Income Statement For 4 fiscal years ending, December 31, 2018, 2019, 2020, \& 2021