Prepare the Comparative Statements (Horizontal) from the following income statement and balance sheet of Day Dreaming Company for the year ending 2015 and 2016. Then, Comment on the results.

Note: Use the format listed in the sheet answer listed below:

Income statement

Items	2015 ($000)	2016 ($000)
Net sales	900	1,050
Cost of goods sold	650	850
Selling expenses	20	20
Administrative expenses	40	40
Net profit	190	140

Balance sheet

Items	2015 ($000)	2016 ($000)
Cash	450	490
Merchandise inventory	400	500
Furniture	300	340
Land	300	300
Buildings	500	470
Plant	400	470
Total assets	3,350	2,570
Accounts payable	150	200
Notes payable	250	275
Tax payable	150	200
Debentures	300	350
Reserves	400	445
6% preferred stock capital	500	500
Common stocks capital	600	600
Total L& SH Equity	2,350	2,570

Sheets Answer:

First: Comparative income statement

Day Dreaming Company

For the year ended Dec. 31 (2015 & 2016)

Items	2015 ($000)	2016 ($000)	Absolute Change ($)	% Change
Net sales
less CGS
Gross Profit
Less: Operating Expenses
Selling expenses
Administrative expenses
Operating Profit

Working note: Absolute Change = Current Year Previous Year

% Change = [Absolute Change / Previous Year] X 100%

Your Comments (Short Report):

Comparative FSA Report 1

Financial Analyst Advisory Report
Companys Title:		Type of Comparative:
#	Strength Points	#	Weaknesses Points
1		1
2		2
3		3
4		4
5		5
6		6
Short Story (Conclusions)
Recommendations: