Question

data for hooser designs inc follows,

Data Table Data for Hooser Designs, Inc. follow Click the icon to view the data) Read the regiments Common-Size Income Statement Years Ended December 31, 2018 and 2017 Hooser Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 $ 42.000 $ 371,000 Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses Net Sales Revenue Expenses Cost of Goods Sold Seling and Administrative Expenses Other Expenses Total Expenses 200.000 100 250 5000 187,000 $5.350 2000 284,350 6650 Other Expenses Total Expenses 305,250 120.750 $ $ Net Income Renuirement 2. In an in the 21 2017 F in main Done Enter any number in the edit fields and then continue to the next question

Answer 1

	2018	2017
Net Sales Revenue	100%	100%
Expenses:
Cost of Goods Sold	($200000/$432000)*100 =46.30%	($187000/$371000)*100 =50.40%
Selling & Administrative Expense	($100250/$432000)*100 =23.20%	($95350/$371000)*100 =25.70%
Other Expenses	($5000/$432000)*100 =1.16%	($2000/$371000)*100 =0.54%
Total Expenses	($305250/$432000)*100 =70.66%	($284350/$371000)*100 =76.64%
Net Income	($126750/$432000)*100 =29.34%	($86650/$371000)*100 =23.36%