ED-15 Performing Horizontal
analysis – income statement
Data for Mariner Designs, Inc.
follow:
ED-15 MARINER DESIGNS INC.
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 good sold 200,000 187,550
Selling and Administrative Expenses 99,000 91,050
Other Expense 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
Design inc round percentage changes to one decimal place
2. Why did 2015 net income increase by a higher percentage than net sales
revenue?
Net sales Revenue $431,000 $372,350
Expenses
Cost of good sold 200,000 187,550
Selling and Administrative Expenses 99,000 91,050
Other Expense 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
Design inc round percentage changes to one decimal place
2. Why did 2015 net income increase by a higher percentage than net sales
revenue?
TUTORIAL PREVIEW
Req. 1
|
Mariner Designs, Inc.
|
||||
|
Comparative Income Statement
|
||||
|
Years Ended December 31, 2015 and 2014
|
||||
|
|
|
|
Increase (Decrease)
|
|
|
|
2015
|
2014
|
Amount
|
Percentage
|
|
Net sales revenue
|
$431,000
|
$372,350
|
$58,650
|
15.75%
|
File name: ED-15 MARINER DESIGNS INC.xlsx File type: .doc PRICE: $8
