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ED-15 Performing horizontal analysisincome statement 1. Net Income 42.3% MARINER DESIGNS, INC.

ED-15 Performing horizontal analysis—income statement
1. Net Income 42.3%
MARINER DESIGNS, INC.
Comparative Income Statement
Years Ended December 31, 2015 and 2014
2015 2014
Net Sales Revenue 431,000 372,350
Expenses:
Cost of Goods Sold 200,000 187,550
Selling & Admin Expenses 99,000 91,050
Other Expenses 8,350 6,850
Total Expenses 307,350 285,450
Net Income 123,650 86,900
Requirements
1. Prepare a horizontal analysis of the comparative income statement of Mariner
Designs, Inc. Round percentage changes to one decimal place.


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Solution.xlsx

MARINER DESIGNS, INC.
Comparative Income Statement
Years Ended December 31, 2015 and 2014
2015
2014
Net Sales Revenue
431,000 372,350
Expenses:
Cost of Goods Sold
200,000 187,550
Selling &...

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