The comparative condensed income statements of Indra Corporation are shown below. Instructions(a) Prepare a horizontal analysis of
Question:
The comparative condensed income statements of Indra Corporation are shown below.
Instructions(a) Prepare a horizontal analysis of the income statement data for Indra Corporation using 2012 as a base. (Show the amounts of increase or decrease.)(b) Prepare a vertical analysis of the income statement data for Indra Corporation in columnar form for bothyears.
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INDRA CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 2012 2013 S600,000 483.000 $500,000 420,000 Net sales Cost of goods sold Gross profit Operating expenses 117.000 80,000 57.200 44,000 $ 36.000 S 59.800 Net income
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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