Richardson Company 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)$15,500, 19.6%
B)($15,500), (10.3%)
C)$15,500, 10.3%
D)($15,500), (9.4%)

Question

Richardson Company 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)$15,500, 19.6% 
B)($15,500), (10.3%) 
C)$15,500, 10.3% 
D)($15,500), (9.4%)

Quizplus · Accepted Answer

The Answer of Richardson Company 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)$15,500, 19.6% 
B)($15,500), (10.3%) 
C)$15,500, 10.3% 
D)($15,500), (9.4%)

Richardson Company Has a Condensed Income Statement as Shown