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Problem: Module 4 Textbook Problem 1 Learning Objective: 4-1 Differentiote between horizontal and vertical anolysis Income statements for Munoz Company for Year 3 and Year 4 follow: Required o. 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 yeat. Complete this question by entering your answers in the tabs below. Perform a hormontal analvals, showing the percentage change in each incorne statensent component between Year 3 and Year A. Negative ongwers whould be indicated by a minus sion. Round your bercentape answers to 1 decimal place. (1.5, 0.234 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 ). 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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