Business, 05.05.2021 01:00 prettygirlgwen24
The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015).
Required:
a. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions).
b. Conduct a vertical analysis by expressing each line as a percentage of total revenues.
c. Excluding income tax and other operating costs, did Insignia earn more profit per dollar of revenue in 2015 compared to 2014
Answers: 1
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The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40...
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