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  3. income statements for solomon company for year 3 a

Income statements for Solomon Company for Year 3 and Year 4 follow: Required a. Perform...

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Accounting

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Income statements for Solomon Company for Year 3 and Year 4 follow: Required a. Perform a horizontal analysis, showing the percentage chanlye 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. 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. (1.e., 0.234 should be entered as 23.4).) Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (I.e., 0.234 should be entered as 23.4).)

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