Income statements for Munoz Company for 2018 and 2019 follow: MUNOZ COMPANYIncome Statements 2019 2018 Sales $ 201,300 $ 181,300 Cost of goods sold 143,300 121,300 Selling expenses 21,000 19,000 Administrative expenses 12,900 14,900 Interest expense 3,100 5,100 Total expenses $ 180,300 $ 160,300 Income before taxes 21,000 21,000 Income taxes expense 5,500 3,100 Net income $ 15,500 $ 17,900 Required Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below.

Income statements for Munoz Company for 2018 and 2019 follow: MUNOZ COMPANY Income Statements 2019 2018 Sales $ 201,300 $ 181,300 Cost of goods sold 143,300 121,300 Selling expenses 21,000 19,000...

Income statements for Munoz Company for 2018 and 2019 follow:

Required

Complete this question by entering your answers in the tabs below.

Jun 02, 2022