Question: Please describe how you would prepare a vertical analysis using the financial information provided below? Village Shipping Inc Income Statement Horizontal Analysis For the years

Please describe how you would prepare a vertical analysis using the financial information provided below?

Please describe how you would prepare a vertical analysis using the financial

Village Shipping Inc Income Statement Horizontal Analysis For the years ending December 31, 2014 and December 31, 2015 Sales Cost of goods sold Gross profit Wages Repairs Rent Taxes Office expenses Total expenses Net Income 2014 500,000 269,000 231,000 163,000 4,150 12,000 17,930 587 197,667 33,333 2015 475,000 265,000 210,000 154,000 5,800 13,000 16,940 1,023 190,763 19,237 Change 2015 from 2014 5.00 1.49 9.09 5.52 39.76% 8.33% 5.52 14.14% -3.49% 42.29

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