Condensed income statement
2020 | 2021 | |||
Amount | Percent | Amount | Percent | |
Sales revenue | 749000 | 100% | 603000 | 100% |
Cost of goods sold | 467376 | 62.4% | 390744 | 64.8% |
Gross profit | 281624 | 37.6% | 212256 | 35.2% |
Selling expense | 118342 | 15.8% | 69948 | 11.6% |
Administrative expense | 58422 | 7.8% | 59094 | 9.8% |
Total operating expense | 176764 | 23.6% | 129042 | 21.4% |
Income before income taxes | 104860 | 14% | 83214 | 13.8% |
Income tax expenses | 29211 | 3.9% | 26532 | 4.4% |
Net income | 75649 | 10.1% | 56682 | 9.4% |
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods...
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $749,000 $603,000 Cost of goods sold 467,376 390,744 Selling expenses 118,342 69,948 Administrative expenses 58,422 59,094 Income tax expense 29,211 26,532 Net income 75,649 56,682 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 Amount Percent Amount Percent Sales revenue $749,000 % $603,000 % Cost...
Exercise 14-4 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 $749,000 467,376 118,342 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 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 $749,000 $603,000 Cost...
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 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...
pls do both colums 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...
do colum 2019 please Operating data for Joshua corporation are pro LIUN. 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 decimal place, ea 48.596.) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 Amount Percent Amount Sales revenue $749,000 $605,000 Cost...
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $746,000 $603,000 Cost of goods sold 466,250 384,714 Selling expenses 124,582 67,536 Administrative expenses 55,204 54,873 Income tax expense 37,300 24,120 Net income 62,664 71,757 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 Amount Percent Amount Percent Sales revenue $746,000 % $603,000 % Cost...
Upudunguu Joshua Corporation are presented below. 2020 2019 Sales revenue $754,000 $595,000 Cost of goods sold 468,234 391,510 125,164 67,830 Selling expenses Administrative expenses 63,336 55.930 Income tax expense 35.438 27.965 Net income 61.828 51.765 Denare a schedule showing a vertical analysis for 2020 and 2019 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, eg. 48.5%) JOSHUA CORPORATION Condensed Income Statements For the Years Ended December 31 2020 2019 Amount Percent...
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...
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...