Horizontal Analysis of Income Statements Custom Essay

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1. Horizontal Analysis of Income Statements:
The majority of the calculations are correct; however, the following were not provided:

Pre-opening – % Inc. (Dec) calculation
Interest, net – % Inc. (Dec) calculation

2.Indications:
The following indication requires review:

Day’s sales in receivables – The no concern indication requires revision.

3.Justification:
The justification discussion is on the right track; however, please review and revise the following ratio explanation accordingly based on the updated indication:

Day’s sales in receivables

4.Industry Comparison:
A comparative evaluation is provided for on each ratio; however, additional explanation or clarification is required to fully address the aspect. Please review the quartile references in regards to the 1st and 3rd quartiles.
5.Overall Holistic
Revision is required.

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