Assignment 08 Bu 330

Assignment 08

BU330 Accounting for Managers

Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading.  Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar.  Sources must be cited in APA format.  Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length; refer to the "Assignment Format" page for specific format requirements.

Horizontal and Vertical Analysis

Sanborn Corporation’s condensed comparative income statements for 20x8 and 20x7 appear below. The corporation’s condensed comparative balance sheets for 20x8 and 20x7 appear on the next page.

|Sanborn Corporation |

|Comparative Income Statements |

|For the Years Ended December 31, 20x8 and 20x7 |

|(in thousands of dollars) |

| |20x8 |20x7 |

|Net sales |$3,276,800 |$3,146,400 |

|Cost of goods sold |2,088,800 |2,008,400 |

|Gross margin |$1,188,000 |$1,138,000 |

|Operating expenses | | |

| |Selling expenses...