ED-15 MARINER DESIGNS INC -- ED-15 Performing Horizontal analysis – income statement

ED-15 Performing Horizontal analysis – income statement

Data for Mariner Designs, Inc. follow:

ED-15 MARINER DESIGNS INC.

MARINER DESIGNS, INC.
Comparative income statement
Years Ended December 31,2015 and 2014

                                                2015  2014
Net sales Revenue     $431,000  $372,350
Expenses
Cost of good sold    200,000  187,550
Selling and Administrative Expenses 99,000  91,050
Other Expense    8,350  6,850
Total Expenses     307,350  285,450
Net Income     $123,650 $86,900

Requirements
1. Prepare a horizontal analysis of the comparative income statement of Mariner
Design inc round percentage changes to one decimal place
2. Why did 2015 net income increase by a higher percentage than net sales
revenue?