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Exercise A Income statement data for Boston Company for 2015 and 2016 follow: ...

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Accounting

Exercise A Income statement data for Boston Company for 2015 and 2016 follow:

2015 2016

Net sales $2,610,000 $1,936,000

Cost of goods sold 1,829,600 1,256,400

Selling expenses 396,800 350,000

Administrative expenses 234,800 198,400

Federal income taxes 57,600 54,000

Prepare a horizontal analysis.

Prepare vertical analysis of the income data using net sales as the base.

Comment on the results of this analysis.

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