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"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-------