Data for Nobell Inc Prepare a Horizontal Analysis of the Comparative Income Statement of }

question 46

Essay

Data for Nobell Inc. follow:
$$\begin{array} { l l l } &2015 & 2014 \\\text { Net Sales }&\$ 850,000 &\$ 798,000\\\text { Cost of Goods Sold } & 635,000 & 580,000 \\\text { Sellingand Administrative Expenses } & 50,000 & 35,000 \\\text { Other Expenses } & 20,000 & 15,000 \\\text { Income Tax } & 40,000 & 55,000\end{array}$$ Prepare a horizontal analysis of the comparative income statement of Nobell Inc. Round percentage changes to one decimal place. Please use a multiple step income statement.

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