McMann Company Has a Condensed Income Statement as Shown Using Horizontal Analysis, Calculate the Amount and Percent Change for

McMann Company has a condensed income statement as shown::
$$\begin{array} { | l | l | l | } \hline & \mathbf { 2 1 4 } & \mathbf { 2 0 1 3 } \\\hline \text { Sales } & \$ 150,000 & \$ 165,500 \\\hline \text { Total operating expenses } & 133,000 & 147,500 \\\hline \text { Net income } & 17,000 & 18,000 \\\hline & & \\\end{array}$$ Using horizontal analysis, calculate the amount and percent change for Sales. Round to one decimal place.

A) (17,000) , (11.3%)
B) (15,500) , (10.3%)
C) ($18,000) , (10.9%)
D) ($15,500) , (9.4%)

Correct Answer:

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