Acc350 Managerial Accounting: ED-15 Comparative Income Statement (Mariner Designs Inc)

Acc350 Managerial Accounting
ED-15 Performing horizontal analysis—income statement
Comparative Income Statement for the years ended december 31, 2015 and 2014.
MARINER DESIGNS, INC.
Comparative Income Statement
Years Ended December 31, 2015 and 2014
2015 2014
Net Sales Revenue 431,000 372,350
Expenses:
Cost of Goods Sold 200,000 187,550
Selling & Admin Expenses 99,000 91,050
Other Expenses 8,350 6,850
Total Expenses 307,350 285,450
Net Income $123,650 $86,900

Requirements
1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.
2. Why did 2015 net income increase by a higher percentage than net sales revenue?
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