Q#04: From given data perform Horizontal analysis for all three years as base? 10 marks For the Years Ended December 31, 2011 2010 2009 $100,000 $95,000 $91,000 65,000 60,800 56,420 35,000 34,200 34,580 (Absolute dollars) Revenue from sales Cost of products sold Gross profit Operating expenses Selling expenses General expenses Total operating expenses Operating income before income taxes Taxes related to operations Net income 14,000 16,000 30,000 5,000 1,500 $ 3,500 11,400 15,200 26,600 7,600 2,280 10,000 13,650 23,650 10,930 3,279 $ 7,651 $ 5,320 Q#05: From above data perform Vertical analysis? Q#06: From above data perform Year to year change analysis 5 marks 5 marks