Complete the Horizontal Analysis for the Comparative Income Statement

question 9

Multiple Choice

Complete the horizontal analysis for the comparative income statement. Round to the nearest tenth of a percent.
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• A)12.1%, 37.5%, 12.0%, 10.1%, 15.8%, 14.1%, 16.1%
• B)-13.8%, -60.0%, -13.7%, -11.3%, -18.8%, -16.4%, -19.1%
• C)7.2%, -140.0%, 7.0%, 1.5%, -2.1%, -132.8%, -5.1%
• D)13.8%, 60.0%, 13.7%, 11.3%, 18.8%, 16.4%, 19.1%

Familiarity with pricing and cost calculations in various shopping and service scenarios.

Ability to calculate profit by subtracting costs from sales.

Understand the concept of rate and apply it to calculate fuel efficiency and cost per unit of distance.

Calculate earnings based on hourly rates and total hours worked.

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Definitions:

Assignee

An assignee is a person or entity appointed to receive the rights or property under a contract or agreement from another, known as the assignor.

Assignor

The party in a contract who transfers their rights or interests in a property or agreement to another party, known as the assignee.

Negligent Misrepresentation

A false statement made carelessly that causes someone to incur a loss or damage, often addressed in cases of fraud or deceit.

Innocent Misrepresentation

A false statement made without knowledge of its falsity, leading another to enter into a contract under false beliefs.