Income statements for Rundle Company for Year 3 and Year 4 follow: RUNDLE...
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Income statements for Rundle Company for Year 3 and Year 4 follow: RUNDLE COMPANY Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Required A Year 4 $200,600 143,700 20,600 13,000 4,000 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. Year 3 $180,600 121,700 18,600 15,000 6,000 $181,300 $161,300 19,300 19,300 3,700 6,100 $ 13,200 $ 15,600 Complete this question by entering your answers in the tabs below. Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) RUNDLE COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3
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