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 dollar change in gross profit?
A)$22,000
B)$(4,840)
C)$179,400
D)$25,800

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 dollar change in gross profit?
A)$22,000 
B)$(4,840) 
C)$179,400 
D)$25,800

Quizplus · Accepted Answer

D)
Gross profit - Prior $76,800
Current 102,600
Increase $25,800

Use the Following Information to Do a Horizontal Analysis of Marcus