The following Date of Marks Corporation are shown below.

Instructions
(a)Prepare a horizontal analysis of the income statement data for Marks Corporation using 2012 as a base. (Show the amounts of increase or decrease.)
(b)Prepare a vertical analysis of the income statement data for Marks Corporation in columnar form for both years.

Transcribed Image Text:

MARKS CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 2013 2012 Net sales Cost of goods sold Gross profit Operating expenses Net income $620,000 $500,000 400,000 170,000 54,000 $116.000 $ 60.000 ni trdution