The comparative condensed income statements of Hendi Corporation are shown below.
Instructions(a) Prepare a horizontal analysis of the income statement data for Hendi Corporation using 2010 as a...

The comparative condensed income statements of Hendi Corporation are shown below.
Instructions(a) Prepare a horizontal analysis of the income statement data for Hendi Corporation using 2010 as a base. (Show the amounts of increase or decrease.)(b) Prepare a vertical analysis of the income statement data for Hendi Corporation in columnar form for bothyears.