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Faso Fabricating, Inc

Question 170

Multiple Choice

Faso Fabricating, Inc. and Spinoza Fabrication Corp. are in the same industry and are located in the same region of the country. They have condensed income statements as shown. Faso Fabricating, Inc. and Spinoza Fabrication Corp. are in the same industry and are located in the same region of the country. They have condensed income statements as shown. Using horizontal analysis, calculate the percent change for net income for each company. Round percentages to one decimal place. A) Faso: −17.2%; Spinoza: −6.4% B) Faso: −17.2%; Spinoza: 6.4% C) Faso: 17.2%; Spinoza: −6.4% D) Faso: 17.2%; Spinoza: 6.4% Using horizontal analysis, calculate the percent change for net income for each company. Round percentages to one decimal place.


A) Faso: −17.2%; Spinoza: −6.4%
B) Faso: −17.2%; Spinoza: 6.4%
C) Faso: 17.2%; Spinoza: −6.4%
D) Faso: 17.2%; Spinoza: 6.4%

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