The income statements for Urban Outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31

Current Year Prior Year
Sales Revenue $851,559 $785,412
Cost of Goods Sold 430,511 400,148
Gross Profit 421,048 385,264
Operating and Other Expenses 151,904 138,560
Interest Expense 8,450 23,700
Income Tax Expense 54,800 52,700
Net Income $205,894 $170,304

Required:
Prepare a horizontal analysis of the income statement above.

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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