Question 1 EMLEY CORPORATION Net sles $693,CCC $630,CCO goods 506,15041,0 prof O

Question

Question 1 EMLEY CORPORATION Net sles $693,CCC $630,CCO goods 506,15041,0 prof Operatng 131,250 126,0 55,EC0 63,cc0 603,000 $630,000 Cost of goads sold 506,10 441,00 Gross proft Ogdating sepsis131,250 126,000 5, 19,000 SSS,600 63,000 (bj Prepare sertical ansysis of the income statement data for Emiey Corporat on in columnar torm tor both years. (Round percentages to 1 decimal place, e.g. 12.3%.) Net saes Coet of poads sold Gros praf Ocerating xperse 2620,000 441,000 189,000 E93,000 500,150 131,250 SS,600 63,000

Explanation / Answer

(a) horizontal analysis

(b) Vertical analysis

Increse or (Decrease) During 2017 2017 2016 Amount Percentage Net sales 693000 630000 63000 10.0% Cost of goods sold 506150 441000 65150 14.8% Gross profit 186850 189000 -2150 -1.1% Operating expenses 131250 126000 5250 4.2% Net income 55600 63000 -7400 -11.7%

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