Question: Problem: Module 4 Textbook Problem 1 Leorning Objective: 4-1 Differentiate between horizontal and vertical analysis Income statements for Rundle Company for Year 3 and Year

horizontal and vertical analysis Income statements for Rundle Company for Year 3

and Year 4 follow: Required o. Perform a horizontal analysis, showng the

Problem: Module 4 Textbook Problem 1 Leorning Objective: 4-1 Differentiate between horizontal and vertical analysis Income statements for Rundle Company for Year 3 and Year 4 follow: Required o. Perform a horizontal analysis, showng the percentage change in each income statement component between Year 3 and vea is b. Pefform a vertical analysis, showing each income statement component as a percentage or sales for each year. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (I:e, 0.234 should be-entered as 23.4 ). Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (f.e, 0.234 should be entered as 23.4).)

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