Question: please answer these questions. I have less then three hours to answer them. thank you Using the following income statements, perform the calculations needed for

please answer these questions. I have less then three hours to answer them. thank you

Using the following income statements, perform the calculations needed for horizontal analyses. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) Previous Current Net Sales Cost of Goods Sold Gross Profit Selling, General, and Administrati ve Expenses Income from Operations Interest Expense Income before Income Tax Income Tax Expense Net Income Dollars $104,000 60,000 $77,000 46,000 44,000 8,200 31,000 4,100 35,800 26,900 3,200 4,150 32,600 22,750 9,780 6,825 $22,820 $15,925 Percentage % Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.) LOCKEY FENCING CORPORA TION Income Statement s For the Years Ended December 31 Net Sales Cost of Goods Sold Gross Profit Selling, General, and Administr ative Expenses Income from Operation s Interest Expense Income before Income Tax Income Tax Expense Net Income Current $180,000 90,000 % Previous $123,000 69,000 90,000 54,000 13,800 7,700 76,200 46,300 4,600 6,150 71,600 40,150 21,480 12,045 $50,120 % $28,105 % Using the following income statements, perform the calculations needed for horizontal analyses. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) Previous Current Net Sales Cost of Goods Sold Gross Profit Selling, General, and Administrati ve Expenses Income from Operations Interest Expense Income before Income Tax Income Tax Expense Net Income Dollars $104,000 60,000 $77,000 46,000 44,000 8,200 31,000 4,100 35,800 26,900 3,200 4,150 32,600 22,750 9,780 6,825 $22,820 $15,925 Percentage % Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.) LOCKEY FENCING CORPORA TION Income Statement s For the Years Ended December 31 Net Sales Cost of Goods Sold Gross Profit Selling, General, and Administr ative Expenses Income from Operation s Interest Expense Income before Income Tax Income Tax Expense Net Income Current $180,000 90,000 % Previous $123,000 69,000 90,000 54,000 13,800 7,700 76,200 46,300 4,600 6,150 71,600 40,150 21,480 12,045 $50,120 % $28,105 %
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