Data for Mariner Designs, Inc., follow:
“MARINER DESIGNS, INC.
Comparative Income Statement
Years Ended December 31, 2012 and 2011”
Net sales revenue: $431,000 $372,350
Cost of goods sold $200,000 $187,550
Selling and general expenses 99,000 91,050
Other expense 8,350 6,850
Total expenses $307,350 $285,450
Net income $123,650 $86,900
1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.
2. Why did 2012 net income increase by a higher percentage than net sales revenue?
Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.[order_calculator]