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Leeward 2005 and 2006 income and balance sheet vertical analysis
Leeward Corporation
Income Statement Horizontal Analysis 2006 2005 Change Percent Revenues $2,500,000 $2,500,000 Expenses Cost of goods sold $1,080,000 $1,750,000 Selling & administrative expense $495,000 $500,000 Interest expense $30,000 $30,000 Total Expenses $1,605,000 $2,280,000 Income before income taxes $895,000 $220,000 Income tax expense $268,500 $66,000 Net Income $626,500 $154,000 |
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