Cyclepath Bicycle Store Income Statement For the Years Ended Maand 2017 2016 Amount Percent 100.00 2017 Amount Percent $ 100.00 Net Sales Cost of Goods Sold Gross Margin Operating Expenses (26.41) Total Operating Expenses Operating Income Nonoperating Items 15,500 Net Income $18.Answere A A1: Horizontal analysis of income statement and balance sheet. Use the following format to assist you in preparing the owners' request. Make use of Excel formulas wherever possible.
Comparitive income statement in multiledger professional#
Use Excel to prepare a professional work product for the owners. All accounts have normal balances Guidelines 1. They have provided an alphabetical list of account names and balances for the store on the second page. To aid in their analysis, the owners would also like you to provide common size information with the comparative statements (vertical analysis. Problem Information: The owners of Cyclepath Bicycle Store have asked you to prepare comparative income statements for the fiscal years ended Maand 2017.
This comprehensive problem is not a group assignment, and you are to complete it without sharing your work with others inside or outside the course. Transcribed image text: Comparative Income Statements Using Excel For this assignment, you will use your accounting knowledge and spreadsheet skills to prepare comparative multi-step income statements, including common size information.