answer these two question and show work please
ande.m
Vertical analysis (common-size) percentages for Vallejo Company’s sales, cost of goods sold, and expenses are listed here.
Did Vallejo’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
Vertical analysis (common-size) percentages for Vallejo Company’s sales, cost of goods sold, and expenses are listed here.
Did Vallejo’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
Brief Exercise 13-9 (Essay) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here.
Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period.
Horizontal Analysis | 2012 | 2011 | 2010 | ||||||
Sales | 96.2 | % | 104.8 | % | 100.0 | % | |||
Cost of goods sold | 101.0 | 98.0 | 100.0 | ||||||
Expenses | 105.6 | 95.4 | 100.0 |
Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period.
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