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    Horizontal/Vertical Analysis

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    The comparative condensed income statements of Hendi Corporation are shown below.
    HENDI CORPORATION
    Comparative Condensed Income Statements
    For the Years Ended December 31
    2009 2008
    Net sales $604,400 $506,400
    Cost of goods sold 487,800 426,400
    Gross profit 116,600 80,000
    Operating expenses 58,100 45,300
    Net income $ 58,500 $ 34,700

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    https://brainmass.com/business/accounting/horizontal-vertical-analysis-289530

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    The solution explains how to prepare a horizontal and a vertical analysis.

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