McNally Industries has a condensed income statement as shown. Using horizontal analysis, calculate the amount and percent change for sales. Round percentages to one decimal place.
A)$32,500, 19.6%
B)($32,500), (19.6%)
C)$32,500, 16.4%
D)($32,500), (16.4%)

Question

McNally Industries has a condensed income statement as shown.  Using horizontal analysis, calculate the amount and percent change for sales. Round percentages to one decimal place.
A)$32,500, 19.6% 
B)($32,500), (19.6%) 
C)$32,500, 16.4% 
D)($32,500), (16.4%)

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 percentages to one decimal place.
A)$32,500, 19.6% 
B)($32,500), (19.6%) 
C)$32,500, 16.4% 
D)($32,500), (16.4%)

McNally Industries Has a Condensed Income Statement as Shown