Richardson Company Has a Condensed Income Statement as Shown Using Horizontal Analysis,calculate the Amount and Percent Change for Sales

question 48

Multiple Choice

Richardson Company has a condensed income statement as shown. $\begin{array}{|l|r|r|}\hline & \text { Year 2 } & {\text { Year } 1} \\\hline \text { Sales } & \$ 150,000 & \$ 165,500 \\\hline \text { Total operating expenses } & 133,000 & 147,500 \\\hline \text { Net income } & 17,000 & 18,000\\\hline\end{array}$
Using horizontal analysis,calculate the amount and percent change for sales.Round to one decimal place.

• A)$17,000,11.3%
• B)$15,500,10.3%
• C)$18,000,10.9%
• D)$15,500,9.4%

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