Financial Statement Analysis
E13-6Here 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——-