Homework Answers
| Condensed Income statement | ||||||
| 2017 | 2016 | |||||
| Amount | % | Amount | % | |||
| Sales | 842800 | 100.00% | 645500 | 100.00% | ||
| Cost of goods sold | 529300 | 62.80% | 411200 | 63.70% | ||
| Gross profit | 313500 | 37.20% | 234300 | 36.30% | ||
| Selling expenses | 124400 | 14.76% | 79500 | 12.32% | ||
| Admin expenses | 79500 | 9.43% | 50100 | 7.76% | ||
| Ttotal Operating expenses | 203900 | 24.19% | 129600 | 20.08% | ||
| Income before tax | 109600 | 13.00% | 104700 | 16.22% | ||
| Income tax expense | 36000 | 4.27% | 27500 | 4.26% | ||
| After tax income | 73600 | 8.73% | 77200 | 11.96% | ||
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Operating data for Grouper Corp. are presented below. 2012 2016 $842800 645,500 29,300 411200 124,400 79,500...
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Presented below are the financial statements of Riverbed Corp. Riverbed Corp Comparative Balance Sheets December 31...
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Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost of goods sold 530,500 410,300 Selling expenses 124,100 73,600 Administrative expenses 77,200 53,900 Income tax expense 38,900 24,600 Net income 72,500 87,100 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) WHISPERING WINDS CORP. Condensed Income Statement 2017 2016 Amount Percent Amount Percent Sales $843,200 $649,500 Cost of goods sold 530,500 410,300 239,200 Gross...
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