The Following Selected Amounts Were Extracted from the Financial Statements

question 5

Essay

The following selected amounts were extracted from the financial statements of Missinger Corporation.
$\begin{array}{|l|l|l|l|l|}\hline & \text { Year 4 } & \text { Year 3 } & \text { Year 2 } & \text { Year l } \\\hline & & & & \\\hline \text { Net sales } & \$ 720,000 & \$ 690,000 & \$ 660,000 & \$ 600,000 \\\hline \text { Grossmargin } & 464,000 & 448,000 & 436,000 & 400,000 \\\hline \text { Net income } & 113,000 & 111,000 & 108,000 & 100,000 \\\hline & & & & \\\hline\end{array}$ a. Prepare a trend analysis for net sales, gross margin, and net income using Year 1 as the base year.
b. For net sales, gross margin, and net income:
1. Calculate the percentage change from Year 1 to Year 2.
2. Calculate the percentage change from Year 2 to Year 3.
c. For each of the four years, compute the percentage relationship of gross margin to net sales and the relationship of net income to net sales.
d. Identify which requirement(s) above involve(s):
1. Horizontal analysis
2. Vertical analysis
Round all answers to the nearest tenth of 1 percent.

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Definitions:

Gender Differences

The distinctions in characteristics, roles, behaviors, or attitudes typically associated with being male or female.

Consciousness Raising

An aspect of social movements or therapy emphasizing increased awareness and understanding of societal issues or personal problems.

Sex Bias

The unfair difference in treatment or attitudes based on an individual's sex, often leading to disadvantage or prejudice against one sex.

Sex-Role Stereotyping

Sex-Role Stereotyping involves assigning behaviors, tasks, and roles based on societal expectations related to an individual's sex, often leading to limitations and inequities.