Question

Year 1 Year 2 Revenue $ 39,639 $ 41,244 Operating expenses: Fuel $(5,133) $(5,733) Aircraft related (9,811) (10,609) (15,757)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

*In common size statements- Vertical analyses, it expressed in %. useful for comparing the current period and prior periods. Answer: Workings: Delta Air Lines, Inc. Common-sized Income Statement For Years 1 and 2 Current Year Prior Year Increase / De

---------------------------------------

*Please, Take care about Negative sign. Read the instruction. In given Q, No information about negative sign..

If you have any queries/doubts,Immediately drop your messages in the comment box !!!! I will help you...
Thanks buddy!!!

Add a comment
Know the answer?
Add Answer to:
Year 1 Year 2 Revenue $ 39,639 $ 41,244 Operating expenses: Fuel $(5,133) $(5,733) Aircraft related...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Delta Air Lines, Inc. (DAL) provides cargo and passenger services throughout the world. The following operating...

    Delta Air Lines, Inc. (DAL) provides cargo and passenger services throughout the world. The following operating data (in millions) were adapted from recent financial statements of Delta. Year 1 Year 2 Revenue $37,773 $40,362 Operating Expenses: Fuel $(9,397) $(11,668) (13,225) Aircraft related (13,070) Selling and general (9,829) (10,905) Other expenses (1,922) (2,513) Total operating expenses $(34,373). $(38,156). Operating income $3,400 $2,206 1. Prepare common-sized income statements for Years 1 and 2. Round to one decimal place. 2. Using your answer...

  • Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and...

    Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Electronics Tannenhill Industry Company Average Sales $1,980,000 100 % Cost of goods sold 1,128,600 61 Gross profit $851,400 39% Selling expenses $534,600 23% Administrative expenses 198,000 10 Total operating expenses $732,600 33% Operating income $118,800 6 % Other income 39,600 2. $158,400 8...

  • question#2 SHOW Me How Calculator Revenue and expense data for the current calendar year for Tannenhill...

    question#2 SHOW Me How Calculator Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics Industry are as follows. Tannenhill's data are expressed in dollars. The electronics Industry averages are expressed in percentages. - Tannenhill Company Electronics Industry Average Sales 100 % Cost of goods sold Gross profit 26 % Selling expenses 14 % $1,870,000 1,290,300 $579,700 $336,600 130,900 $467,500 $112,200 37,400 Administrative expenses Total operating expenses Operating income Other income $149,600 Other expense...

  • Show Me How Calculator Common-Sted Income Statement Revenue and expense data for the current calendar year...

    Show Me How Calculator Common-Sted Income Statement Revenue and expense data for the current calendar year for t percentages h is Company and for the electronics industry are as follows. Tannenhil's data are expressed in dollars. The electronics industry everages are expressed in Electronics Sales Tannenhill Company $4,000,000 (2,120,000) Average 100.0 (600) Cost of goods sold $1.880,000 Gross profit Selling expenses Administrative expenses Total operating expenses 40.0 % (240) $(1,080,000) (640,000) $(1,720,000) $160,000 120,000 Operating income Other revenue and expense:...

  • Show Me How Calculator Common-Sized Income Statement Revenue and expense data for the current calendar year...

    Show Me How Calculator Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Tannenhill Company Electronics Industry Average Sales 100.0 % 60.0 40.0 % 24.0 % Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other revenue $4,000,000 2,120,000 $1,680,000 $1,080,000 640,000 $1,720,000 $160,000 120,000 14.0...

  • Show Me How Calculator Common-Sized Income Statement Revenue and expense data for the current calendar year for Ta...

    Show Me How Calculator Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Tannenhill Company Electronics Industry Average Sales 100.0 % 60.0 40.0 % 24.0 % Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other revenue $4,000,000 2,120,000 $1,680,000 $1,080,000 640,000 $1,720,000 $160,000 120,000 14.0...

  • Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and...

    Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill’s data are expressed in dollars. The electronics industry averages are expressed in percentages. Tannenhill Company Electronics Industry Average Sales $770,000 100 % Cost of goods sold 415,800 59 Gross profit $354,200 41 % Selling expenses $223,300 25 % Administrative expenses 84,700 10 Total operating expenses $308,000 35 % Operating income $46,200 6 % Other income 15,400...

  • 1.What is Warren Clinic’s net operating revenue ? Calculate the net operating revenue, yourself. Entries for...

    1.What is Warren Clinic’s net operating revenue ? Calculate the net operating revenue, yourself. Entries for the Warren Clinic Income Statement are listed below in alphabetical order. Reorder the data in the proper format. Depreciation Expense $90,000 General/Administration Expenses $70,000 Interest Expense $20,000 Investment Income $40,000 Net Operating Revenues $XXX Other Revenue $10,000 Patient Service Revenue $440,000 Provision for Bad Debts $40,000 Purchased Clinic Services $90,000 Salaries and Benefits $150,000 Total Expenses $420,000 Question #2 $420,000 What are Warren Clinic’s...

  • Common-Sized Income Statement Revenue and expense data for the current calendar year for Sorenson Electronics Company...

    Common-Sized Income Statement Revenue and expense data for the current calendar year for Sorenson Electronics Company and for the electronics industry are as follows. The Sorenson Electronics Company data are expressed in dollars. The electronics industry averages are expressed in percentages. Sorenson Electronics Company Electronics Industry Average 101.9 % $1,834,200 34,200 1.9 Sales Sales returns and allowances Net sales Cost of goods sold 100 % $1,800,000 1,098,000 $702,000 Gross profit 34 % 20 % Selling expenses $432,000 Administrative expenses 162,000...

  • Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics...

    Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. The Tannenhill’s data are expressed in dollars. The electronics industry averages are expressed in percentages. 1 Tannenhill Company Electronics Industry Average 2 Sales $4,000,000.00 100.0% 3 Cost of goods sold 2,120,000.00 60.0 4 Gross profit $1,880,000.00 40.0% 5 Selling expenses $1,080,000.00 24.0% 6 Administrative expenses 640,000.00 14.0 7 Total operating expenses $1,720,000.00 38.0% 8 Operating income $160,000.00 2.0% 9 Other...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT