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Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes...

Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.

2018   

2017   

increase amount

decrease percentage

net sales revenue

429,750

373,450

cost of goods sold

200,250

186,250

selling and general expenses

98,000

92,000

other expenses

9,150

6,000

total expenses

307,400

284,250

net income

122,350

89,200

2. Why did 2018 net income increase by a higher percentage than net sales revenue?

net income increased by a higher percentage than total net sales revenue during 2018 because _________.

Business   Accounting   
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