McNally Industries has a condensed income statement as shown. Using horizontal analysis, calculate the amount and percent change for sales. Round to one decimal place.
A) $32,500, 19.6%
B) $18,000, 10.9%
C) $35,000, 17.7%
D) $17,000, 9.4%

Question

McNally Industries has a condensed income statement as shown.​  Using horizontal analysis, calculate the amount and percent change for sales. Round to one decimal place.
A) $32,500, 19.6% 
B) $18,000, 10.9% 
C) $35,000, 17.7% 
D) $17,000, 9.4%

Quizplus · Accepted Answer

The Answer of McNally Industries has a condensed income statement as shown.​  Using horizontal analysis, calculate the amount and percent change for sales. Round to one decimal place.
A) $32,500, 19.6% 
B) $18,000, 10.9% 
C) $35,000, 17.7% 
D) $17,000, 9.4%

McNally Industries Has a Condensed Income Statement as Shown