The comparative income statements of Accra Pies are shown below. (a) Prepare a horizontal analysis of the
Question:
The comparative income statements of Accra Pies are shown below.
(a) Prepare a horizontal analysis of the income statement data for Accra using 2008 as a base. (Show the amounts of increase or decrease.)
(b) Prepare a vertical analysis of the income statement data for Accra in columnar form for bothyears.
Transcribed Image Text:
ACCRA PIES Comparative Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Operating expenses Net income 2009 $600,000 480,000 120,000 57,200 S 62,800 2008 $500,000 420,000 80,000 44,000 36,000
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Related Book For
Hospitality Financial Accounting
ISBN: 978-0470083604
2nd Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
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