Accounting Discussion: "Financial Statement Analysis"
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 of the numbers presented.