Using Common Size Income Statement Data
The 2019. 2018. and 2017 income statements for Spinner Entertainment Inc. follow.
Required:
1. Calculate how much each of the revenues and c changed from 2017 through 2019 using horizontal analysis On percentage terms, rounded to two decimal places). Utilize 2017 as the base year for both 2018 and 2019. You do not need to include the actual dollar amounts shown above.
2. CONCEPTUAL CONNECTION Discuss the primary causes of Spinner’s increase in net income in 2018 and the decrease in 2019.
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