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Data for Mariner Designs, Inc., follow:




Data for Mariner Designs, Inc., follow;MARINER DESIGNS, INC.;Comparative Income Statement;Year Ended December 31, 2012 and 2011;2012 2011;Net sales revenue $431,000 $372,350;Expenses;Cost of goods sold $200,000 $187,550;Selling and general expenses 99,000 91,050;Other expense 8,350 6,850;Total expense $307,350 $285,450;Net income $123,650 $86,900;Required;1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.;2. Why did 2012 net income increase by a higher percentage than net sales revenue?


Paper#77394 | Written in 18-Jul-2015

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