Selected comparative financial statements of Aspen United
follow:
Aspen United
| Comparative Income Statements | |||||||||
| For Years Ended December 31, 2017, 2016, and 2015 | |||||||||
| 2017 | 2016 | 2015 | |||||||
| Sales | $ | 464,983 | $ | 356,215 | $ | 247,200 | |||
| Cost of goods sold | 279,920 | 225,840 | 158,208 | ||||||
| Gross profit | 185,063 | 130,375 | 88,992 | ||||||
| Selling expenses | 66,028 | 49,158 | 32,630 | ||||||
| Administrative expenses | 41,848 | 31,347 | 20,518 | ||||||
| Total expenses | 107,876 | 80,505 | 53,148 | ||||||
| Income before taxes | 77,187 | 49,870 | 35,844 | ||||||
| Income taxes | 14,357 | 10,223 | 7,276 | ||||||
| Net income | $ | 62,830 | $ | 39,647 | $ | 28,568 | |||
| Aspen United | |||||||||
| Comparative Balance Sheets | |||||||||
| December 31, 2017, 2016, and 2015 | |||||||||
| 2017 | 2016 | 2015 | |||||||
| Assets | |||||||||
| Current assets | $ | 48,618 | $ | 38,038 | $ | 50,847 | |||
| Long-term investments | 0 | 800 | 4,310 | ||||||
| Plant assets, net | 88,915 | 94,712 | 55,489 | ||||||
| Total assets | $ | 137,533 | $ | 133,550 | $ | 110,646 | |||
| Liabilities and Equity | |||||||||
| Current liabilities | $ | 20,080 | $ | 19,899 | $ | 19,363 | |||
| Common stock | 66,000 | 66,000 | 48,000 | ||||||
| Other paid-in capital | 8,250 | 8,250 | 5,333 | ||||||
| Retained earnings | 43,203 | 39,401 | 37,950 | ||||||
| Total liabilities and equity | $ | 137,533 | $ | 133,550 | $ | 110,646 | |||
3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.)
Homework Answers
Preparation of balance sheet in trend percents with 2015 as a base year.
Formula -
[(Current year - base year) / base year ] × 100
Add Answer to:
Selected comparative financial statements of Aspen United
follow:
Aspen United
Comparative Income Statements
For Years Ended...
Selected comparative financial statements of Apple-Space follow: Apple-Space Comparative Income Statements For Years Ended December 31,...
Selected comparative financial statements of Apple-Space
follow:
Apple-Space
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
464,983
$
356,215
$
247,200
Cost of goods sold
279,920
225,840
158,208
Gross profit
185,063
130,375
88,992
Selling expenses
66,028
49,158
32,630
Administrative expenses
41,848
31,347
20,518
Total expenses
107,876
80,505
53,148
Income before taxes
77,187
49,870
35,844
Income taxes
14,357
10,223
7,276
Net income
$
62,830
$
39,647
$
28,568
Apple-Space
Comparative Balance Sheets...
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of...
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 $553,39 $423,94 $ 294,20 2017 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 333,141 266,236 188,288 220,249 157,706 105,912 78,581 58,504 38,834 49,805 37,307 24,419 128,386 95,811 63,25.3 91,863 61,895 42,659 17,087 12,689...
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 $555,000 $340,000 $278,000 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 50,800 22,800 73,600 50,500 15,670 $ 77,132 40,290 34,830 283,500 212,500 153,900 271,500 127,500 124,100 46,920 29,920 76,840 50,660 10,370 102,900 50,668 153,568 117,932 40,800 KORBIN COMPANY Comparative Balance Sheets December 31,...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company
follow:
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
554,143
$
424,519
$
294,600
Cost of goods sold
333,594
269,145
188,544
Gross profit
220,549
155,374
106,056
Selling expenses
78,688
58,584
38,887
Administrative expenses
49,873
37,358
24,452
Total expenses
128,561
95,942
63,339
Income before taxes
91,988
59,432
42,717
Income taxes
17,110
12,184
8,672
Net income
$
74,878
$
47,248
$
34,045
KORBIN COMPANY...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales $ 430,561 $ 329,845 cost of goods sold 259,198 208, 132 Gross profit 171,363 121, 713 selling expenses 61,140 45,519 Administrative expenses 38,750 29, 026 Total expenses 99,890 74,545 Income before taxes 71,473 47,168 Income taxes 13, 294 9,669 Net income 58,179 $ 37,499 2015 $ 228,900 146,496 82,404 30,215 18,999 49,214 33,190 6,738 $...
[The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company...
[The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expensers Administrative expenses Total expenses Income before taxes Income taxes Net income $522,166 400,022 277,600 177,664 99,936 36,643 35,202 23,041 59,684 40,252 8,171 $ 70,557 44,204 32,081 314,344 207,822 74,148 46,995 121,143 86,679 16,122 254,014 146,008 55,203 90,405...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and. 2017 2019 2018 2017 $434,323 $332,727 $230,900 Sales Cost of goods sold 261,462 Gross profit Selling expenses Administrative 209,951 122,776 147,776 83,124 172,861 61,674 45,916 30,479 39,089 29,280 19,165 expenses Total expenses Income before 100,763 75,196 49,644 72,098 47,580 33,480 taxes Income tax expense 13,410 9,754 6,796 $58,688 $ 37,826 26,684 Net income KORBIN COMPANY Comparative Balance Sheets December...
Korbin Company Required information [The following information applies to the questions displayed below.] Selected comparative financial...
Korbin Company
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sola Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $ 410,810 247,308 163,502 58,335 36,973 95,308 68,194 12,684 $ 55,510 314,714 $ 218,400 139,776 78,624 28,829 18,127 46,956 31,668 6,429 34,777$...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 471,191 $360, 971 $ 250, 500 Cost of goods sold 283, 657 226, 329 160, 320 Gross profit 187,534 134, 642 90, 180 Selling expenses 66,909 49,814 33,066 Administrative expenses 42, 407 31,765 20,792 Total expenses 109, 316 81,579 53, 858 Income before taxes 78, 218 53,063 36, 322 Income tax expense 14,549...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 524,799 $ 402,039 $ 279,000 Cost of goods sold 315,929 251,676 178,560 Gross profit 208,870 150,363 100,440 Selling expenses 74,521 55,481 36,828 Administrative expenses 47,232 35, 379 23,157 Total expenses 121,753 90,860 59,985 Income before taxes 87,117 59,503 40, 455 Income tax expense 16, 204 12,198 8,212 Net income $ 70,913 $ 47,305...
Selected comparative financial statements of Apple-Space
follow:
Apple-Space
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
464,983
$
356,215
$
247,200
Cost of goods sold
279,920
225,840
158,208
Gross profit
185,063
130,375
88,992
Selling expenses
66,028
49,158
32,630
Administrative expenses
41,848
31,347
20,518
Total expenses
107,876
80,505
53,148
Income before taxes
77,187
49,870
35,844
Income taxes
14,357
10,223
7,276
Net income
$
62,830
$
39,647
$
28,568
Apple-Space
Comparative Balance Sheets...
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 $553,39 $423,94 $ 294,20 2017 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 333,141 266,236 188,288 220,249 157,706 105,912 78,581 58,504 38,834 49,805 37,307 24,419 128,386 95,811 63,25.3 91,863 61,895 42,659 17,087 12,689...
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 $555,000 $340,000 $278,000 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 50,800 22,800 73,600 50,500 15,670 $ 77,132 40,290 34,830 283,500 212,500 153,900 271,500 127,500 124,100 46,920 29,920 76,840 50,660 10,370 102,900 50,668 153,568 117,932 40,800 KORBIN COMPANY Comparative Balance Sheets December 31,...
Selected comparative financial statements of Korbin Company
follow:
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
554,143
$
424,519
$
294,600
Cost of goods sold
333,594
269,145
188,544
Gross profit
220,549
155,374
106,056
Selling expenses
78,688
58,584
38,887
Administrative expenses
49,873
37,358
24,452
Total expenses
128,561
95,942
63,339
Income before taxes
91,988
59,432
42,717
Income taxes
17,110
12,184
8,672
Net income
$
74,878
$
47,248
$
34,045
KORBIN COMPANY...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales $ 430,561 $ 329,845 cost of goods sold 259,198 208, 132 Gross profit 171,363 121, 713 selling expenses 61,140 45,519 Administrative expenses 38,750 29, 026 Total expenses 99,890 74,545 Income before taxes 71,473 47,168 Income taxes 13, 294 9,669 Net income 58,179 $ 37,499 2015 $ 228,900 146,496 82,404 30,215 18,999 49,214 33,190 6,738 $...
[The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expensers Administrative expenses Total expenses Income before taxes Income taxes Net income $522,166 400,022 277,600 177,664 99,936 36,643 35,202 23,041 59,684 40,252 8,171 $ 70,557 44,204 32,081 314,344 207,822 74,148 46,995 121,143 86,679 16,122 254,014 146,008 55,203 90,405...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and. 2017 2019 2018 2017 $434,323 $332,727 $230,900 Sales Cost of goods sold 261,462 Gross profit Selling expenses Administrative 209,951 122,776 147,776 83,124 172,861 61,674 45,916 30,479 39,089 29,280 19,165 expenses Total expenses Income before 100,763 75,196 49,644 72,098 47,580 33,480 taxes Income tax expense 13,410 9,754 6,796 $58,688 $ 37,826 26,684 Net income KORBIN COMPANY Comparative Balance Sheets December...
Korbin Company
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sola Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $ 410,810 247,308 163,502 58,335 36,973 95,308 68,194 12,684 $ 55,510 314,714 $ 218,400 139,776 78,624 28,829 18,127 46,956 31,668 6,429 34,777$...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 471,191 $360, 971 $ 250, 500 Cost of goods sold 283, 657 226, 329 160, 320 Gross profit 187,534 134, 642 90, 180 Selling expenses 66,909 49,814 33,066 Administrative expenses 42, 407 31,765 20,792 Total expenses 109, 316 81,579 53, 858 Income before taxes 78, 218 53,063 36, 322 Income tax expense 14,549...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 524,799 $ 402,039 $ 279,000 Cost of goods sold 315,929 251,676 178,560 Gross profit 208,870 150,363 100,440 Selling expenses 74,521 55,481 36,828 Administrative expenses 47,232 35, 379 23,157 Total expenses 121,753 90,860 59,985 Income before taxes 87,117 59,503 40, 455 Income tax expense 16, 204 12,198 8,212 Net income $ 70,913 $ 47,305...
Most questions answered within 3 hours.
-
Which complex in the electron transport chain does not
contribute to the proton gradient across the...
asked 50 seconds ago -
The EastTN Company sells computer parts through a retail store
that it operates. The firm's comparative...
asked 1 minute ago -
Use MATLAB:
Use a conditional while loop to find the first factorial that is
greater than...
asked 4 minutes ago -
Many describe estate and gift taxation as “political football.”
Discuss arguments for and against the transfer...
asked 6 minutes ago -
Pine wood has the following composition: 50.31% C,
6.20% H2, 43.08% Oz and 0.41% ash.
(a)...
asked 18 minutes ago -
A toy cannon uses a spring to project a 5.22-g soft rubber ball.
The spring is...
asked 19 minutes ago -
If a firm has an EV of $1,840 million and EBITDA of $377
million, what is...
asked 19 minutes ago -
Candy Kane Cosmetics (CKC) produces Leslie Perfume, which
requires chemicals and labor. Two production processes are...
asked 24 minutes ago -
Determine the heat involved in the combustion of liquid
hydrazine by using the following reactions. Use...
asked 25 minutes ago -
The proportion of Canadians with green eyes is 0.36. As part of
a study of the...
asked 34 minutes ago -
3) How does Descartes’s hyperbolic doubt compare to the
skepticism that Socrates expresses in the Platonic...
asked 32 minutes ago -
How many coulombs are required to plate a layer of chromium
metal 0.27 mm thick on...
asked 45 minutes ago