Question: please help with Comparative Income Statement Comparative Income statement Use the following comparative income statement form to enter amounts you identify from the computations on
please help with Comparative Income Statement
Comparative Income statement
Use the following comparative income statement form to enter amounts you identify from the computations on the Liquidity
and Solvency Measures part and on the Profitability Measures part. Compute any missing amounts and complete
the horizontal analysis columns. Enter percentages as decimal amounts, rounded to one decimal place. When rounding, IDok
only at the figure to the right of one decimal place. If round down and If round up For example, for D
enter For enter
Comparative Inceme statement
Fee the Years Ended December ve and V
Final Questions
Your accountant friend reveals that the company whose information you have been working on is actually a company
he is thinking of investing in What advice and insight do you have for your friend?
Using only the information from your horizontal analyais of the comparative income statement, complete the
has incressed.
However, net income sales cest of goods sold has also lncreased decreased not changed, which slowed the
increase in gress profit net income sales total operating expenses.
In addition, sclling expenses income tax expense other expense interest has increased at a faster rate.
The company appears
steps to be growing.
to be struepling to be too leavily leveraged to be a good imestment to be talifing the riflut
to be strupgling to be too heavily leveraged to be a good imvestment to be talifing the right
Based on these observations, do you recommend that your friend invest in this company's stock?
Yesine
Use the following comparative income statement form to enter amounts you identify from the computations on the Liquidity and Solvency Measures part and on the Profitability Measures part. Compute any missing amounts and complete the horizontal analysis columns. Enter percentages as decimal amounts, rounded to one decimal place. When rounding, look only at the figure to the right of one decimal place. If round down and if round up For example, for enter For enter
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