Income Statement Variance Analysis

Income Statement Variance Analysis Professor Income Statement and Balance Sheet Variance Analysis 31-Jan-16 Income Statement and Balance Sheet Variance Analysis Income Statement Variance Analysis: Component (Millions) Year Variance (%) 2014 2013 2012 2013 – 2014 2012 – 2013 Sales 88,988 74,452 61,093 120% 122% Operating Expenses 88,810 73,707 60,417 120% 122% Net Income/Loss (241) 274…

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