accounting
Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. Round percentages to one decimal place. Enter all amounts as positive numbers. Percentage sign will appear automatically.
Tannenhill Company |
Common-Sized Income Statement |
For the Year Ended December 31 |
1 | Tannenhill Company | Tannenhill Company | Electronics Industry Average | |
2 | Amount | Percent | ||
3 | Sales | $4,720,000.00 | 100.0% | |
4 | Cost of goods sold | 2,454,400.00 | 57.0 | |
5 | Gross profit | $2,265,600.00 | 43.0% | |
6 | Selling expenses | $1,250,800.00 | 23.5 | |
7 | Administrative expenses | 708,000.00 | 13.0 | |
8 | Total operating expenses | $1,958,800.00 | 36.5% | |
9 | Income from operations | $306,800.00 | 6.5% | |
10 | Other revenue | 102,000.00 | 2.2 | |
11 | $408,800.00 | 8.7% | ||
12 | Other expense | 62,000.00 | 1.3 | |
13 | Income before income tax | $346,800.00 | 7.4% | |
14 | Income tax expense | 72,000.00 | 1.5 | |
15 | Net income | $274,800.00 | 5.9% |
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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...
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 $1,010,000 100 % Cost of goods sold 545,400 60 Gross profit $464,600 40 % Selling expenses $292,900 24 % Administrative expenses 111,100 10 Total operating expenses $404,000 34 % Operating income $60,600 6 % Other revenue 20,200...
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...
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...
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...
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...
Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics indus...
Instructions 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 $4,920,000.00 100.0% 3 Cost of goods sold 2,533,800.00 56.5 4 Gross profit $2,386,200.00 43.5% 5 Selling expenses $1,328,400.00 24.0% 6 Administrative expenses 787,200.00 14.0 7 Total operating expenses $2,115,600.00 38.0% 8 Operating income $270,600.00 5.5% 9...
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:...
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...
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...
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 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...
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 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:...
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...
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