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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The data below were adapted from the financial statements of Kamen Corporation, prior to its filing for bankruptcy.
a. Prepare a horizontal analysis for the income statement showing the amount and percent of change in each of the categories below:
Round percent answers to one decimal place. Enter all dollar amounts and percentages as positive numbers.
| Â | Recent Year | Prior Year | Amount Change | Percent Change | Â | Â | Direction | ||||||
| Sales | $443,469 | Â | Â | $411,000 | Â | Â | $ | Â | Â | % | Â | Â |
|
| Cost of sales | $342,507 | Â | Â | $321,000 | Â | Â | $ | Â | Â | % | Â | Â |
|
| Selling, general, and administrative expenses | $78,958 | Â | Â | $74,000 | Â | Â | $ | Â | Â | % | Â | Â |
|
| Operating income (loss) before taxes | $22,004 | Â | Â | $16,000 | Â | Â | $ | Â | Â | % | Â | Â |
|
Â
b. During the recent year,
.
c. The operating results of Tarrow Corporation for the recent year are provided below.
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