Question

Data Table Specialty Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Specialty Average Net Sales Revenue 777,000 100.0 % 522,144 Cost of Goods Sold 65.8 Gross Profit 254,856 34.2. Operating Expenses 163,170 19.7 Operating Income 91,686 14.5 3,885 Other Expenses 0.4 $ 87,801 14.1 % Net Income

Answer 1

Speciality Department Store, Inc Income Statement Year Ended December 31, 2018 Amount Net Sales Revenue 777000 Cost of goods sold 522144 Gross profit 254856 Operating Expenses 163170 Operating Income 91686 Other Expenses 3885 Net Income 87801 Percent of Total 100.0% 67.2% 32.8% 21.0% 11.8% 0.5% 11.3%

Speciality Department Store, Inc Balance Sheet December 31, 2018 Amount Current Assets 305550 Property, plant and Equipment, Net 116100 Intangible Assets, Net 5850 Other Assets 22500 Total Assets 450000 Percent of Total 67.9% 25.8% 1.3% 5.0% 100.0% Current Liabilities Long term Liabilities Total Liabilities Stockholders Equity Total Liabilities and Stockholders' Equity 206100 102600 308700 1413001 450000 45.8% 22.8% 68.6% 31.4% 100.0%