What is the inventory turnover ratio for Fair Isle Inc. for 2020 if the inventory at the beginning of the year was $210,500 and at the end of the year was $195,500 and during the year the company had net sales of $1,243,750 which had a corresponding cost of sales of $995,000? a.) 2.5 b.) 4.9 c.) 5.0 d.) 6.1

U6.

Horizontal analysis (trend analysis) percentages for Pharoah Company's sales, cost of goods sold, and expenses are listed here. Horizontal Analysis 2023 Sales revenue Cost of goods sold Expenses 97.5 % Net income 104.0 107.0 2022 104.8 % 97.0 97.3 2021 100.0 % 100.0 100.0 Did Pharoah's net income increase, decrease, or remain unchanged over the 3-year period?

Prepare a horizontal analysis of the following comparative income statement for the Buff Bodies Corporation. Round percentage changes to the nearest one-hundredth percent.   Buff Bodies Corporation Comparative Income Statement for the Years Ended December 31, 2020 and 2019    2020                              2019  Total revenue                       $1,450,000                        $1,300,000 Expenses: Cost of goods sold       $   1,023,000                        $   930,000 Operating expenses             310,000                             275,000 Interest expense                    12,000                               10,000 Income tax expense               48,300                               38,000 Total expenses                     $1,393,300                        $1,253,000 Net income                          $     56,700                        $     47,000