Question: Problem 9:Prepare the horizontal analysis for the following income statement (round percentages to the nearest tenth of a percent, le 10.1%): (10 points) 2017 2018

Problem 9:Prepare the horizontal analysis for the following income statement (round

Problem 9:Prepare the horizontal analysis for the following income statement (round percentages to the nearest tenth of a percent, le 10.1%): (10 points) 2017 2018 Net Sales Cost of goods sold Gross sales Advertising Conferences Insurance Office supplies Rent Salaries and wages Travel and Entertainment Net income S 500,000$450,000 36,000 464,000 25,000 40,000 410,000 20,250 495 3,750 1,000 11,000 240,000 700 500 4,500 1,350 12,000 230,000 730 S 189,920 S 132,805

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