Common Size Statement | ||||
2018 | 2017 | |||
Amount | % | Amount | % | |
Net sales revenue | $428,950 | 100.00% | $371,000 | 100.00% |
Expenses: | ||||
Cost of goods sold | $203,000 | 47.32% | $187,000 | 50.40% |
Selling and admin expense | $100,250 | 23.37% | $94,750 | 25.54% |
Other expennse | $5,000 | 1.17% | $3,250 | 0.88% |
Total expenses | $308,250 | 71.86% | $285,000 | 76.82% |
Net income | $120,700 | 28.14% | $86,000 | 23.18% |
Part-2 |
Net Increase is Increase by (28.14%-23.18%)=4.96% due to substental reduction in Cost of Goods Sold & Other expense |
Chapter 17-3 < 3 of 4 (0 complete) HW Score: 0%, 0 of 36 pts Question Help Score: 0 of 10 pts E17-16 (sim...
Chapter 17-1
HW Score of 3 E17-13 (similar to) Queen Help Data for McCormick Designs, Inc follow Click the icon to view the data) Read the requirements Spm out of Requirement 1. Prepare a horizontal analysis of the comparative income statement of McCormick Designs, Inc Round percentage changes to one del paca (Hound the percentages to one del piace XX Use a s por parentheses toca a decrease McCormick Design, Inc. Comparative Income Statement Years Ended December 31, 2018 and...
Managerial Accounting Fall 2020 A Muhammed Olasupo Homework: Chapter F:17 Homework HW SC Score: 0 of 1 pt 3 of 6 (3 complete) EF 17-16 (similar to) Dona for McCormick Designs, Inc. folio. (Click the icon to view the data) Read the requirements Requirement 1. Prepare a comparative common-size income statement for McCormick Designs, Inc. using the 2024 and 2023 data. Round percentages to one Month percent. (Round the percentages to one tenth percent. XX. En %. For example, her...
Chapter 17-4
4o 4 (0 complete HW Score: 0%, 0 of 36 pts Score: 0 of 10 pts E17-19 (similar to) Question Help Large Land Photo Shop has asked you to determine whether the company's ability to pay current liabilites and total liabilities improved or deteriorated during 2018 To answer this question, you gather the following data (Click the icon to view the data) Read the couremen's a. Compute the current ratios for 2018 and 2017 Begin by selecting the...
McClane Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 $ 432,000 $ 373,750 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses 203,000 96,550 6,750 306,300 125,700 $ 187,000 91,050 3,250 281,300 92,450 Total Expenses Net Income Print Done Clear All i Requirements 17 1. Prepare a comparative common-size income statement for McClane Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. 2. To an...
Homework: Chapter 12 Homework Sa 5 of 6 (4 complete) HW Score: 31.02%, 31.02 of 100 Score: 0 of 25 pts E12-23A (similar to) Question Help The comparative income statements and additional data for Rolling Hills Decor, Inc., follow: Click the icon to view the comparative income statements.) (Click the icon to view the additional data.) Read the requirement. Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of...
HW Score: 0%, 0 . Data Table 2015 Variline, Inc. Comparative Income Statement Years Ended December 31, 2017 and 2016 Dollars in thousands 2017 2016 Net Sales $ 188,000 $ 154,000 Cost of Goods Sold 94.000 88,000 Selling and Administrative Expenses 48,500 40,000 Interest Expense 8,500 9.500 12,500 11,500 Income Tax Expense $ 24.500 $ 5.000 Print Done We were unable to transcribe this image1-22 (similar to) Core: 0%, 0 Question Help A Requirements 1. Calculate the profit margin ratio...
1 of 4 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 2 pts S7-3 (similar to) Question Help O The T-account for Cash and the bank statement of Hampton Food Services for the month of March 2018 follows: (Click the icon to view the T-account.) (Click the icon to view the bank statement.) Prepare Hampton Food Services' bank reconciliation at March 31. i Data Table Bank Statement: Bal, Mar 1 2,957) Deposits: Hampton Food Services Bank...
Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 432,000 $375,000 Expenses: Cost of Goods Sold 201,000 186,250 Selling and Administrative Expenses 100,250 8,500 92,000 2,150 Other Expenses 309,750 Total Expenses 280,400 $ 122,250 $ 94,600 Net Income 1. Prepare a comparative common-size income statement for Mieatin Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent 2. To an investor, how does 2018 compare with 2017?...
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HW Score: 60%, 6 of 10 5 of 6(5 complete) Score: 0 of 2 pts XP 1 1-33A (similar to) EQuestion Help 2018comparat vo balance sheet and nome statement of Lindeman Pet Supply. he . are Linderman Pet Supply, Inc, had no noncash investšing and financing transactions during 2018. During the year Linderman Pet Supply, Inc, sold no land or equipment, issued no notes paryable rered no stock, and had no treasury stock transactions...
lii Queste Data for McClane Designs, Inc. follow Click the icon to view the data. Read the requirements Requirement 1 Prepare a comparative common size income statement for McClane Designs, Inc using the 2024 and 2023 data Round percentages to one font percent (Round the percentages to one-tenth percent XX Enter the percentages without the % For example, enter 11% as 1.1) McClane Designs, Inc. Common Size Income Statement Years Ended December 31, 2024 and 2023 2024 2023% Net Sales...