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Income statements for Franklin Company for Year 3 and Year 4 follow: Perform...

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Accounting

Income statements for Franklin Company for Year 3 and Year 4 follow:
Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4.
Perform a vertical analysis, showing each income statement component as a percentage of sales for each year.Income statements for Franklin Company for Year 3 and Year 4 follow:
Required
a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3
and Year 4.
b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year.
Complete this question by entering your answers in the tabs below.
Required A
Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year
Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e.,0.234 should be
entered as 23.4).
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