The Comparative condensed income statements of Emley Corporation are shown below.
Emley Corporation
Comparative Condensed Balance Sheets
For the Years Ended December 31
Comparative Condensed Balance Sheets
For the Years Ended December 31
Instructions
- Prepare a horizontal analysis of the income statement data for Emley Corporation using 2019 as a base
- Prepare a vertical analysis of the income statement data for Emley Corporation in columnar form for both years
Solution
a.
Emley Corporation
Condensed income statement
For the Years Ended December 31
Condensed income statement
For the Years Ended December 31
b.
Emley Corporation
Condensed income statement
For the Years Ended December 31
Condensed income statement
For the Years Ended December 31
