The income statements for 2014 and 2013 for Purrfect Pets,Inc.are presented below:
Purrfect Pets,Inc.
Income Statements
Year Ended December 31
A.Prepare a horizontal analysis of the income statement above.Round to the nearest whole percent.
B.Interpret your analysis.Comment on significant changes.

Question

The income statements for 2014 and 2013 for Purrfect Pets,Inc.are presented below:
Purrfect Pets,Inc.
Income Statements
Year Ended December 31  
A.Prepare a horizontal analysis of the income statement above.Round to the nearest whole percent.
B.Interpret your analysis.Comment on significant changes.

Quizplus · Accepted Answer

The Answer of The income statements for 2014 and 2013 for Purrfect Pets,Inc.are presented below:
Purrfect Pets,Inc.
Income Statements
Year Ended December 31  
A.Prepare a horizontal analysis of the income statement above.Round to the nearest whole percent.
B.Interpret your analysis.Comment on significant changes.

The Income Statements for 2014 and 2013 for Purrfect Pets,Inc