Question

Sylabus och Do Homework Accounting, CA ACCOUNTING Solved Cat hesame SI NFL Week 1 Youtube to M. one Google ACC141 OM2 Managerial Accounting Christian Emmanuel Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 1 of 15 (0 completely S14-4 (book/static) Compare Martinez and Rojo by converting their income statements to common size. Martinez Rojo Net sales $ 10,900 $ 19,536 Cost of goods sold 6,660 14.203 Other expense 3,564 4,356 Not Income $ 676 5 977 Which company earns more not income? Which company's net income is a higher percentage of its net sales? % Prepare the common-sized financial analysis: (Round percentages to the nearest to the percent) Martinez Rojo Amount Amount Net sales $ 10,900 % 5 19.536 Cost of goods sold 6,660 % 14,203 3,564 % 4,356 $ 676 Net Income 977 % % Other expenses 9 % Enter any number in the edit fields and then click Check Answer 1 part remaining Clear All

Answer 1

	Martinez		Rojo
	Amount	%	Amount	%
Net Sales	$ 10,900	100%	$ 19,536	100%
Less: Cost of goods sold	$ 6,660	61.1% ( $ 6,660 / $ 10,900)	$ 14,203	72.7% ( $ 14,203 / $ 19,536 )
Other expense	$ 3,564	32.7% ( $ 3,564 / $ 10,900)	$ 4,356	22.3% ( $ 4,356 / $ 19,536)
Net income	$ 676	6.2% ( $ 676 / $ 10,900)	$ 977	5% $ 977 / $ 19,536 )
			Rojo Company earns more Net income
Martinez company has a higher percentage of its net Sales