Income statements for Benson Company for 2018 and 2019
follow:
BENSON COMPANY
Income Statements
2019
2018
Sales
$
201,900
$
181,900
Cost of goods sold
143,600
121,600
Selling expenses
21,900
19,900
Administrative...
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Accounting
Income statements for Benson Company for 2018 and 2019follow:
BENSON COMPANY Income Statements
2019
2018
Sales
$
201,900
$
181,900
Cost of goods sold
143,600
121,600
Selling expenses
21,900
19,900
Administrative expenses
12,200
14,200
Interest expense
3,300
5,300
Total expenses
$
181,000
$
161,000
Income before taxes
20,900
20,900
Income taxes expense
6,600
3,500
Net income
$
14,300
$
17,400
Required
Perform a horizontal analysis, showing the percentage change ineach income statement component between 2018 and 2019.
Perform a vertical analysis, showing each income statementcomponent as a percentage of sales for each year.
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