Tomkung Corporations income statements are presented in the following spreadsheet. Required Construct a spreadsheet to conduct horizontal

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Tomkung Corporation€™s income statements are presented in the following spreadsheet.

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Construct a spreadsheet to conduct horizontal analysis of the income statements for 2015 and2014.

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

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Question Posted: Feb 07, 2014 11:10 AM

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Tomkung Corporations income statements are presented in the following spreadsheet. Required Construct a spreadsheet to conduct horizontal

Question:

2015 2014 Sales Cost of Goods Sold Gross Margin Operating Expenses Income Before Taxes Income Taxes Net Income 1,025,000 $987.000 795,000 732,000 230,000 255,000 200,000205,000 30,000 50,000 17,100 $32,900 10,000 $20,000

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