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QUESTION
Accounting expert Only
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-------
