Acc 561 week three wiley homework exercises 13-8 and 13-9 which are questions three and four

Feb 3rd, 2012
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exercises 13-8 and 13-9 which are questions three and four. Vertical analysis would compare any item on the income statement to net sales. In this case we need to compare the net income to net sales to determine if the net as a percentage of sales increased, decreased, or remained unchanged over the three year period. The net income can be expressed as operational profit minus expenses. You can see that gross profit increased over the three year periodand that net income increased as expenses decreased over the three year period. Vallejos net income as a percentage of net sales increased over the three year period. The cost of goods plus the expenses decreased significantly from 2010 to 2012. The reason this happened is because the net income/net sales ratio increased each year because the cost of goods plus the expenses decreased each year. In comparing the three year period and the net incomes items percentage of sales percentage change in each category, you can see that the net income

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