AC 202: Chapter 13 (AC 202)

Exercise 13-6 (Part Level Submission) Here are the comparative income statements of Concord Corporation. CONCORD CORPORATION Comparative Income Statement For the Years Ended December 31 2017 2016 Net sales $638,000 $562,900 Cost of goods sold 452,500 434,800 Gross Profit 185,500 128,100 Operating expenses 78,700 42,800 Net income $ 106,800 $ 85,300 Prepare a horizontal analysis of the income statement data for Concord Corporation, using 2016 as a base. (If amount and percentage ...