1 Operating data for Navarro Corporation are presented below. 2017 $750,000 465,000 105,000 60,000 36,000 84.000 Net sales Cost of goods sold Selling expenses Administrative expenses Exercise #4 Income tax expense Net income 2016 $600,000 390,000 66,000 54,000 27,000 63.000 Instructions: a. Prepare a horizontal analysis of the income statement data for Navarro Corporation using 2016 as a base. b. Prepare a vertical analysis of the income statement data for Navarro Corporation in columnar form for both years.

1 Operating data for Navarro Corporation are presented below. 2017 $750,000 465,000 105,000 60,000 36,000 84.000 Net sales Cost of goods sold Selling expenses Administrative expenses Exercise #4 Income tax expense Net income 2016 $600,000 390,000 66,000 54,000 27,000 63.000 Instructions: a. Prepare a horizontal analysis of the income statement data for Navarro Corporation using 2016 as a base. b. Prepare a vertical analysis of the income statement data for Navarro Corporation in columnar form for both years.

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 26E: Comprehensive income Anson Industries, Inc., reported the following information on its 20Y1 income...

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