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Prepare a horizontal analysis of the following comparative Income statement of The Mariner Group (Click...

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Accounting

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Prepare a horizontal analysis of the following comparative Income statement of The Mariner Group (Click the icon to view the comparative Income statement.) Why did net income Increase by a higher percentage than net sales revenue during 2017? %% % % Sales revenues $ 479,526 $ 418.000 Less Cont of goods sold 229,596 212,000 Gross prota $ 249,930 $ 206 800 Less Operating expenses 116.600 110,000 Operating Income 5 133,330 S 96,800 Less Interest expense 9.775 9,200 Income before Income taxes $ 123,555 3 87,600 Les Income tax expense 22,080 13,800 $ Net Income 101,475 $ 73,800 Why did not income increase by a higher percentage than net sales revenue during 2017 Net Income created by a much higher percentage than total revenues during 2017 because % % Increased at a higher rate then did Enter any number in the edit fields and then continue to the next

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