Income statements for Jordan Company for Year and Year follow:
JORDAN COMPANY
Income Statements
Year Year
Sales $ $
Cost of goods sold
Selling expenses
Administrative expenses
Interest expense
Total expenses
Income before taxes
Income taxes expense
Net income $ $
Required
Perform a horizontal analysis, showing the percentage change in each income statement component between Year and Year
Perform a vertical analysis, showing each income statement component as a percentage of sales for each year.
