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  3. 9. prepare horizontal analysis using the following

9. Prepare horizontal analysis using the following information. You just need to calculate the percentage...

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Accounting

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9. Prepare horizontal analysis using the following information. You just need to calculate the percentage change from 2018-2019.(8 pts) 2019 $100,000 Sales Revenue Costs of Goods Sold 70,000 Gross Profit 30,000 20,000 Selling & Admin Expenses Interest Expense Income Before Income Tax Income Tax Expense 2018 %Change $120,000 16.6667 decrease 76,500 8.49673 decrease 43,500 31.0445 decrease 35,000 42.8571 decrease 1,000 50 increase 7,500 13.3333 increase 1,325 | 13.2075 increase $6,175 11.7857 decrease 1,500 8,500 1,500 Net Income $7,000 a. If the company had said that they wanted to increase their net profit margin by 25% from 2018 to 2019, how do the actual results measure up to that? (2 pts)

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