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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 5.00

Blevins Corporation

Here are the comparative income statements of Blevins Corporation.

 

BLEVINS CORPORATION
Comparative Income Statements
For the Years Ended December 31
 

2012

2011

Net sales

$598,000

$500,000

Cost of goods sold

477,000

420,000

Gross profit

$121,000

$ 80,000

Operating expenses

80,000

44,000

Net income

$ 41,000

$ 36,000

Instructions

(a) Prepare a horizontal analysis of the income statement data for Blevins Corporation, using 2011 as a base. (Show the amounts of increase or decrease.)

(b) Prepare a vertical analysis of the income statement data for Blevins Corporation for both years.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 07:09 PM My Price 5.00

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