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3 years ago

Here are the comparative income statements of Ayayai Corp..

Business

1 answer:

Georgia [21]3 years ago

3 0

Answer:

Ayayai Corp.

Horizontal Analysis:

2020 Increase 2019

Net sales $632,600 $110,700 21.2% $521,900

Cost of goods sold 463,600 53,200 13.0% 410,400

Gross Profit 169,000 57,500 51.6% 111,500

Operating expenses 79,300 32,100 68.0% 47,200

Net income $ 89,700 25,400 39.5% $64,300

Explanation:

a) Data and Calculations:

AYAYAI CORP.

Comparative Income Statement For the Years Ended December 31

2020 2019

Net sales $632,600 $521,900

Cost of goods sold 463,600 410,400

Gross Profit 169,000 111,500

Operating expenses 79,300 47,200

Net income $ 89,700 $64,300

Percentage increase or decrease = (Increase/Decrease)/Base Year's Value

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Answer:

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= $449,096

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