Question: PLEASE SHOW WORK! Excerpts from the financial statements for two furniture storesare below. Calculate the overall and comp sales increases for bothcompanies and compare and
PLEASE SHOW WORK!
Excerpts from the financial statements for two furniture storesare below. Calculate the overall and comp sales increases for bothcompanies and compare and contrast the numbers. Comment on thegrowth and health of each company.
Harry’s Furniture | Dead People’s Stuff | |||||
Income Statement | Income Statement | |||||
2019 | 2020 | 2019 | 2020 | |||
Sales Store 1 | 450,000 | 520,000 | Sales Store 1 | 430,000 | 510,150 | |
Sales Store 2 | 210,000 | 210,750 | Sales Store 2 | NA | 155,500 | |
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Harrys furniture Increase in sales store 1 520000 450000 450000 1556 Increase in sales store 2 210... View full answer
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