Homework Answers
| GROUPER CORP. | ||||
| Comparative Income Statement | ||||
| For the year ended December 31 | ||||
| Increase or (Decrease) during 2017 | ||||
| 2017 | 2016 | Amount | Percentage | |
| Net sales | 634000 | 568100 | 65900 | 11.6% |
| Cost of goods sold | 459200 | 430800 | 28400 | 6.6% |
| Gross profit | 174800 | 137300 | 37500 | 27.3% |
| Operating expenses | 77300 | 40900 | 36400 | 89.0% |
| Net income | 97500 | 96400 | 1100 | 1.1% |
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