Homework Answers
| Sheffied Corp. Vertical Analysis | ||||
| 2022 | 2021 | |||
| Amount | Percent | Amount | Percent | |
| Sales | 839,100 | 100.0% | 649,000 | 100.0% |
| Cost of goods sold | 522,400 | 62.3% | 410,700 | 63.3% |
| Gross profit | 316,700 | 37.7% | 238,300 | 36.7% |
| Selling Expenses | 121,700 | 14.5% | 76,300 | 11.8% |
| Administartive expenses | 76,200 | 9.1% | 54,000 | 8.3% |
| Total Operating Expenses | 197,900 | 23.6% | 130,300 | 20.1% |
| Income before taxes | 118,800 | 14.2% | 108,000 | 16.6% |
| Income taxe expenses | 34,200 | 4.1% | 24,400 | 3.8% |
| Net Income | 84,600 | 10.1% | 83,600 | 12.9% |
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Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold...
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp....
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 2021 $839,100 $649,000 522,400 410,700 121,700 76,300 76,200 54,000 34,200 24,400 84,600 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg. 12.1%.) SHEFFIELD CORP Condensed Income Statement 2022 Percent 2021 Percent Amount Amount % $649.000...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $880,000 618,640 126,720 61,600 30,800 42,240 2019 $540,000 336,420 64,800 39,420 22,680 76,680 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statement For the Years Ended December 31 V 2020 2019 Amount Percent Amount Percent Sales $880,000 %...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 %%...
thank you!! Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600...
thank you!!
Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600 $639,100 Cost of goods sold 529,000 410,400 Selling expanses 123,900 76,300 Administrative expenses 73,000 52,400 Income tax exopanse 37,700 23,100 Net income 79,000 76,900 Prapare a schadule showing a vertical analysis for 2022 and 2021 (Round parentages to 1 decimal placa, ag 121K) MARTINEZ CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $842 600 $639 100 Cost of goods sold 529,000...
Operating data for Bridgeport Corp. are presented below. 2022 2021 Sales revenue $826,200 $641,300 Cost of...
Operating data for Bridgeport Corp. are presented below. 2022 2021 Sales revenue $826,200 $641,300 Cost of goods sold 523,300 414,500 Selling expenses 121,800 78,500 Administrative expenses 77,100 51,300 Income tax expense 36,600 25,700 Net income 67,400 71,300 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BRIDGEPORT CORP. Condensed Income Statement choose the accouning periodFor the Month Ended December 31For the Years Ended December 31December 31 For the Years Ended...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost of goods sold 530,500 410,300 Selling expenses 124,100 73,600 Administrative expenses 77,200 53,900 Income tax expense 38,900 24,600 Net income 72,500 87,100 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) WHISPERING WINDS CORP. Condensed Income Statement 2017 2016 Amount Percent Amount Percent Sales $843,200 $649,500 Cost of goods sold 530,500 410,300 239,200 Gross...
"Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of...
"Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000 $605,000 Cost of goods...
Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of...
Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $753,000 469,872 115,209 63,252 29,367 75,300 $605,000 392,040 71,390 57,475 24,200 59,895 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $753,000 % $605,000...
Exercise 11-22 - In 2020, Sheffield Corp. had net sales of $593,000 and cost of goods...
Exercise 11-22 - In 2020, Sheffield Corp. had net sales of $593,000 and cost of goods sold of $358,000. Operating expenses were $152,000, and interest expense was $8,000. The corporation's tax rate is 32%. The corporation declared preferred dividends of $14,500 in 2020, and its average common stockholders' equity during the year was $150,000. Prepare an income statement for Sheffield Corp.. Sheffield Corp. Income Statement Compute Sheffield Corp.'s return on common stockholders' equity for 2020. (Round answer to 1 decimal...
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 2021 $839,100 $649,000 522,400 410,700 121,700 76,300 76,200 54,000 34,200 24,400 84,600 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg. 12.1%.) SHEFFIELD CORP Condensed Income Statement 2022 Percent 2021 Percent Amount Amount % $649.000...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $880,000 618,640 126,720 61,600 30,800 42,240 2019 $540,000 336,420 64,800 39,420 22,680 76,680 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statement For the Years Ended December 31 V 2020 2019 Amount Percent Amount Percent Sales $880,000 %...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 %%...
thank you!!
Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600 $639,100 Cost of goods sold 529,000 410,400 Selling expanses 123,900 76,300 Administrative expenses 73,000 52,400 Income tax exopanse 37,700 23,100 Net income 79,000 76,900 Prapare a schadule showing a vertical analysis for 2022 and 2021 (Round parentages to 1 decimal placa, ag 121K) MARTINEZ CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $842 600 $639 100 Cost of goods sold 529,000...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost of goods sold 530,500 410,300 Selling expenses 124,100 73,600 Administrative expenses 77,200 53,900 Income tax expense 38,900 24,600 Net income 72,500 87,100 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) WHISPERING WINDS CORP. Condensed Income Statement 2017 2016 Amount Percent Amount Percent Sales $843,200 $649,500 Cost of goods sold 530,500 410,300 239,200 Gross...
"Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $749,000 468,125 118,342 56,924 38,199 67,410 $605,000 393,250 70,180 53,240 26,015 62,315 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $749,000 $605,000 Cost of goods...
Exercise 18-04 Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $753,000 469,872 115,209 63,252 29,367 75,300 $605,000 392,040 71,390 57,475 24,200 59,895 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount 2019 Percent Sales revenue $753,000 % $605,000...
Exercise 11-22 - In 2020, Sheffield Corp. had net sales of $593,000 and cost of goods sold of $358,000. Operating expenses were $152,000, and interest expense was $8,000. The corporation's tax rate is 32%. The corporation declared preferred dividends of $14,500 in 2020, and its average common stockholders' equity during the year was $150,000. Prepare an income statement for Sheffield Corp.. Sheffield Corp. Income Statement Compute Sheffield Corp.'s return on common stockholders' equity for 2020. (Round answer to 1 decimal...
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