Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from...

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Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation. • Do not use a negative sign in your answers. • Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2020 2019 Income Statement 2020 2019 % of Sales % of Sales Revenues $100,000 $110,000 Cost of goods sold 72,000 81,000 % Gross margin 28,000 29,000 Operating expenses 17,600 20,000 $ 10,400 $ 9,000 Net income % Complete a horizontal analysis of the following income statement from Gomez Corporation. • Use a negative sign to indicate a decrease. • Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Horizontal Analysis Dollar Percentage Income Statement 2020 2019 Change Change Revenues $100,000 $110,000 $ Cost of goods sold 72,000 81,000 $ Gross margin 28,000 29,000 $ Operating expenses 17,600 20,000 $ Net income $ 10,400 $ 9,000 $ Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation. • Do not use a negative sign in your answers. • Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Vertical Analysis 2020 2019 Income Statement 2020 2019 % of Sales % of Sales Revenues $100,000 $110,000 Cost of goods sold 72,000 81,000 % Gross margin 28,000 29,000 Operating expenses 17,600 20,000 $ 10,400 $ 9,000 Net income % Complete a horizontal analysis of the following income statement from Gomez Corporation. • Use a negative sign to indicate a decrease. • Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Horizontal Analysis Dollar Percentage Income Statement 2020 2019 Change Change Revenues $100,000 $110,000 $ Cost of goods sold 72,000 81,000 $ Gross margin 28,000 29,000 $ Operating expenses 17,600 20,000 $ Net income $ 10,400 $ 9,000 $

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Vertical analysis is a method of financial statement analysis in which each line item is listed as a ... View the full answer