The comparative condensed income statements of Hendi A.S. are shown below. HENDI A.S. Comparative Condensed Income Statements

The comparative condensed income statements of Hendi A.S¸. are shown below.

HENDI A.S¸.

Comparative Condensed Income Statements

For the Years Ended December 31

Instructions
(a) Prepare a horizontal analysis of the income statement data for Hendi using 2016 as a base. (Show the amounts of increase or decrease.)
(b) Prepare a vertical analysis of the income statement data for Hendi in columnar form for both years?

Transcribed Image Text:

2017 も600,000 468,000 132,000 2016 Net sales Cost of goods sold Gross profit Operating expenses60,000 Net income t500,000 400,000 100,000 54,000 や46,000 や72,000