Performing a Vertical and Horizontal Analysis Complete a vertical analysis of the following income statement from Gomez Corporation.
• Do not use a negative sign in your answers.
• Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%). Income Statement Revenues 2019 % of Sales 100 %
Vertical Analysis 2020 2020 2019 % of Sales $117,500 $129,250 100 % 80,000 90,000 0 % 37,500 39,250 0 % 26,620 30,250 0 % $ 10,880 $ 9,000 0 % 0 % Cost of goods sold Gross margin Operating expenses Net income 0 % 0 % 0 %
Complete a horizontal analysis of the following income statement from Gomez Corporation.
• Use a negative sign to indicate a decrease.
• Round to the nearest whole percentage point (for example, enter 60 for 60.4% or 61 for 60.5%).
Income Statement Revenues Percentage Change 0 %
Horizontal Analysis Dollar 2020 2019 Change $117,500 $129,250 $ (11,750) 80,000 90,000 $ 0 37,500 39,250 $ 0 26,620 30,250 $ 0 $ 10,880 $ 9,000 $ Cost of goods sold Gross margin Operating expenses 0 % 0 % 0 % O O Net income 0 %