Amount | % | Amount | % | |
Sales | 830,700 | 100 | 634,900 | 100 |
Cost of goods sold | 529,000 | 63.68 | 415,000 | 65.36 |
Gross Profit | 301,700 | 36.32 | 219,900 | 34.50 |
Selling Expenses | 124,700 | 15.01 | 73,600 | 11.6 |
administrative expenses | 78,800 | 9.49 | 53,900 | 8.49 |
Total Operating expenses | 203,500 | 24.50 | 127,500 | 20.9 |
Income before income taxes | 98,200 | 11.82 | 92,400 | 14.55 |
Income tax expenses | 33,500 | 4.03 | 23,400 | 3.69 |
Net Income | 64,700 | 7.79 | 69,000 | 10.87 |
Exercise 13-4 Operating data for Swifty Corporation are presented below. 2017 2016 Sales revenue $830,700 529,000...
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 14-2 Operating data for Navarro Corporation are presented below. 2017 2016 Net sales Cost of goods sold Selling expenses Administrative expenses $ 754,000 469,500 124,500 65,000 30,000 65,000 $ 601,500 389,500 67,500 52,000 25,500 67,000 Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round answers to 1 decimal place, e.g. 48.5%.) NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31 2017 2016 Amount Percent Amount Percent Net sales $...
CALCUL Exercise 18-04 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $755,000 463,570 123,820 58,890 31,710 77,010 $600,000 391,800 76,800 55,800 23,400 52,200 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 $755,000 $600,000...
Exercise 14-2 Operating data for Navarro Corporation are presented below. Net sales Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2017 $747,500 469,000 120,500 64,000 29,000 65,000 2016 $604,500 392,000 71,000 50,000 20,500 71,000 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.3%.) NAVARRO CORPORATION Condensed Income Statements 2017 Percent 2016 Percent Amount Amount $604,500 Net sales $747,500 Cost of goods sold 469,000 392,000 Gross...
Condensed financial data of Swifty Company for 2017 and 2016 are presented below. SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31,2017 AND 2016 2017 2016 1.840 $1,170 Cash 1,730 1,310 Receivables 1,580 1,880 Inventory ,910 1,700 Plant assets 1.210) (1,170) Accumulated depreciation Long-term investments (held-to-maturity) 1.310 1420 $7,160 $6,310 Accounts payable $1.190 $900 210 Accrued liabilities 260 Bonds payable 1400 1,580 Common stock 1,880 1,720 2,480 1,850 Retained earnings $7,160 $6,310 SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $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 decimal place, e.g. 48.5%.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Percent Amount Pe Percent Amount Sales revenue $749,000 $605,000...
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $749,000 467,376 118,342 58,422 29,211 75,649 $603,000 390,744 69,948 59,094 26,532 56,682 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decima 13333 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. JOSHUA CORPORATION Condensed Income Statements For...
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...
Operating dat a for Martinez Corp. are presented below 2017 2016 5 842600 $639.100 410.400 123,900 76,300 Administrative experses3000 52.400 37,200 23,100 9000 76900 Sales revene Cost of goods sold Selling expenses 529,000 tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016Round pocentages to 1 decimal place, es 12 1%) MARTINEZ CORP 016 Percent Amount Percent s 812 00 . ラCO MARTINEZ CORP 016 % $609,,00 410400 228,700 5 842.600 Cost of goods sold...
"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...