Apple Technologies has a condensed income statement as shown below.                                                                      Year 2  Year 1                                            Sales                 346,500                355,469                   Wages expense                 175,000                202,344                   Rent expense                   61,250                  65,625                   Utilities expense                   65,625                  54,688                   Total operating expenses   $               301,875  $               322,656                                             Net income    $                44,625  $                32,813                                                                                              Horizontal Analysis   Vertical Analysis       Year 2   Year 1   Increase/Decrease Amount   Percent Change    Year 2  Percent  Year 1  Percent                                Sales                        Wages expense                        Rent expense                        Utilities expense                        Total operating expenses                                                 Net income                                                                                                Required :  Prepare a horizontal  and vertical analysis of Apple Technologies’ income statements. Comment on the trends, both favorable and unfavorable. What other information would enhance the analysis?

Apple Technologies has a condensed income statement as shown below.                  
                       
                       
   Year 2  Year 1                  
                        
Sales                 346,500                355,469                  
Wages expense                 175,000                202,344                  
Rent expense                   61,250                  65,625                  
Utilities expense                   65,625                  54,688                  
Total operating expenses   $               301,875  $               322,656                  
                        
 Net income    $                44,625  $                32,813                  
                        
                       
                       
  Horizontal Analysis   Vertical Analysis    
  Year 2   Year 1   Increase/Decrease Amount   Percent Change    Year 2  Percent  Year 1  Percent    
                          
Sales                       
Wages expense                       
Rent expense                       
Utilities expense                       
Total operating expenses                       
                        
Net income                       
                       
                       
                       
Required :  Prepare a horizontal  and vertical analysis of Apple Technologies’ income statements. Comment on the trends, both favorable and unfavorable. What other information would enhance the analysis?
Tired of numerous paper assignments?
Rely on us and receive professional paper writing assistance!
Professional paper Writing Assistance

Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

Is it hard to Place an Order?

  1. Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
  2. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
  3. Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
  4. Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.