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Accounting Expert Only!

“Financial Statement Analysis”


E13-6

Here are the comparative income statements of Delaney Corporation.

Instructions

(a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2016 as a base. (Show the amounts of increase or decrease.)

(b) Prepare a vertical analysis of the income statement data for Delaney Corporation for both years.

(c) Make an observation on at least one (1) of the numbers presented.


—Please give a brief examination of the answer——-

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