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www-awh.aleks.com/alekscgi/stexe/to u-IgNsikr7j8P3j4-UxTHFZvIt13yeOfpfdswBgbusq5iRdVpged01656Gil Fo ALEKS LE WORKSHEET MPOXS Dict Accounting Parker Company had the following income statement to be used in horizontal analysis 2016 2015 Sales Cost of Goods Sold Gross Protit Operating Expenses Income Before Taxes Income Tax Expense Net Income 850,000$1,000,000 400,000 600,000 357,000 493,000 165.200 57,820 $ 107,380 327.800 420,000 180,000 63,000 $117,000 Required Examine net income and compute the following. Indicate for each whether the change is an increase or a decrease 1. Compute the change in dollar amount from 2015 to 2016 2. Compute the percentage change from 2015 to 2016 Round your answer to two decimal places Amount ofcest of Change Change Increase or Decrease O Increase O Decrease SO 0% Clear Undo Help https:/www-awh.aleks.com/alekscgi/x/islexe/to.u-IgNsik78P3jH-Ux7HFZvir13dOitgGwBTriL SeFiml:Q7srZetjhkuzQTYFESeBQC Type here to search

Explanation / Answer

Change in dollar amount = (107380-117000) = (9620)

Percentage change = (9620*100/117000) = 8.22%

Increase or decrease Amount of change percent of change Decrease (9620) (8.22%)

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