Use the following information to do a horizontal analysis of Marcus Corporation's income statement for the current year and prior year:

What is the percentage change in net income?
A)78.00%
B)-22.00%
C)16.73%
D)35.59%

Name: Use the following information to do a horizontal analysis of Marcus Corporation's income statement for the current year and prior year: What is the percentage change in net income? A)78.00% B)-22.00% C)16.73% D)35.59%
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Question

Use the following information to do a horizontal analysis of Marcus Corporation's income statement for the current year and prior year:

What is the percentage change in net income?
A)78.00% 
B)-22.00% 
C)16.73% 
D)35.59%

Quizplus · Accepted Answer

B)
(17,160 - 22,000)/22,000=22% decrease

Use the Following Information to Do a Horizontal Analysis of Marcus