JOSHUA CORPORATION | ||||
Condensed Income Statements | ||||
For the Years Ended December 31 | ||||
2020 | 2019 | |||
Sales Revenue | $749,000 | 100.0% | $605,000 | 100.0% |
Less: Cost of Goods Sold ($468,125/$749,000*100); ($393,250/$605,000*100) | ($468,125) | -62.5% | ($393,250) | -65.0% |
Gross Margin ($280,875/$749,000*100); ($211,750/$605,000*100) | $280,875 | 37.5% | $211,750 | 35.0% |
Less: Selling expenses ($118,342/$749,000*100); ($70,180/$605,000*100) | ($118,342) | -15.8% | ($70,180) | -11.6% |
Less: Administrative expenses ($56,924/$749,000*100); ($53,240/$605,000*100) | ($56,924) | -7.6% | ($53,240) | -8.8% |
Total operating expenses ($175,266/$749,000*100); ($123,420/$605,000*100) | ($175,266) | -23.4% | ($123,420) | -20.4% |
Income before income taxes ($105,609/$749,000*100); ($88,330/$605,000*100) | $105,609 | 14.1% | $88,330 | 14.6% |
Less: Income taxes expenses ($38,199/$749,000*100); ($26,015/$605,000*100) | ($38,199) | -5.1% | ($26,015) | -4.3% |
Net Income ($67,410/$749,000*100); ($62,315/$605,000*100) | $67,410 | 9.0% | $62,315 | 10.3% |
Exercise 14-4 Operating data for Joshua Corporation are presented below. 2019 Sales revenue Cost of goods...
"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...
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 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 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...
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...
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...
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...