Here are the comparative income statements of Ayayai Corp..
AYAYAI CORP.
Comparative Income Statement
For the...
Here are the comparative income statements of Ayayai Corp..
AYAYAI CORP.
Comparative Income Statement
For the Years Ended December 31
2017
2016
Net sales
$600,000
$500,000
Cost of goods sold
445,000
400,000
Gross Profit
155,000
100,000
Operating expenses
70,000
40,000
Net income
$ 85,000
$ 60,000
(a)
Prepare a horizontal analysis of the income statement data for
Ayayai Corp., using 2016 as a base. (If amount and
percentage are a decrease show the numbers as negative, e.g.
-55,000, -20% or...
Here are the comparative income statements of Ayayai
Corp..
AYAYAI CORP.
Comparative Income Statement
For the...
Here are the comparative income statements of Ayayai
Corp..
AYAYAI CORP.
Comparative Income Statement
For the Years Ended December 31
2017
2016
Net sales
$600,000
$500,000
Cost of goods sold
445,000
400,000
Gross Profit
155,000
100,000
Operating expenses
70,000
40,000
Net income
$ 85,000
$ 60,000
(a)
Prepare a horizontal analysis of the income statement data for
Ayayai Corp., using 2016 as a base. (If amount and
percentage are a decrease show the numbers as negative, e.g.
-55,000, -20% or...
Question 1
Prepare a horizontal analysis of the following comparative
income statement for Westwind Corporation. Round...
Question 1
Prepare a horizontal analysis of the following comparative
income statement for Westwind Corporation. Round percentage changes
to the nearest one-tenth percent.
Westwind Corporation
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
2016
2015
Total revenue
$1,400,000
$1,250,000
Expenses:
Cost of goods sold
925,000
$830,000
Operating expenses
313,000
280,000
Interest expense
14,000
12,000
Income tax expense
48,300
38,000
Total expenses
$1,300,300
$1,160,000
Net Income
$99,700
$90,000
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,350,000
$
5,586,000
Cost of goods sold
4,780,000
3,511,000
Gross margin
2,570,000
2,075,000
Selling and administrative expenses:
Selling expenses
1,386,000
1,077,000
Administrative expenses
707,000
617,500
Total expenses
2,093,000
1,694,500
Net operating income
477,000
380,500
Interest expense
98,000
85,000
Net income before taxes
$
379,000
$
295,500
Members of the company’s board of directors are surprised...
Question 8 – Chapter 13/14
Comparative Income Statements
Consider the following income statement data from the...
Question 8 – Chapter 13/14
Comparative Income Statements
Consider the following income statement data from the Ross
Company:
2013
2012
Sales revenue
$525,000
$450,000
Cost of goods sold
336,000
279,000
Selling expenses
105,000
99,000
Administrative expenses
60,000
54,000
Income tax expense
7,800
5,400
Prepare a comparative income statement, showing increases and
decreases in dollars and in percentages. (Round to one decimal
point.)
ROSS COMPANY
Comparative Income Statements
2013
2012
Increase
(Decrease)
Percent
Change
Sales Revenue
$Answer
$Answer
$Answer
Answer
%...
A comparative income statement
is given below for McKenzie Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement
is given below for McKenzie Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,370,000
$
5,601,200
Cost of goods
sold
4,620,000
3,515,000
Gross margin
2,750,000
2,086,200
Selling and
administrative expenses:
Selling expenses
1,394,000
1,080,000
Administrative expenses
709,000
613,500
Total expenses
2,103,000
1,693,500
Net operating
income
647,000
392,700
Interest
expense
97,000
92,000
Net income before
taxes
$
550,000
$
300,700
Members of the company’s board of
directors...
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,320,000
$
5,563,200
Cost of goods sold
4,770,000
3,509,500
Gross margin
2,550,000
2,053,700
Selling and administrative expenses:
Selling expenses
1,395,000
1,081,000
Administrative expenses
709,000
617,500
Total expenses
2,104,000
1,698,500
Net operating income
446,000
355,200
Interest expense
100,000
88,000
Net income before taxes
$
346,000
$
267,200
Members of the company’s board of directors are surprised...
A comparative income statement
is given below for McKenzie Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement
is given below for McKenzie Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,350,000
$
5,586,000
Cost of goods
sold
4,780,000
3,509,500
Gross margin
2,570,000
2,076,500
Selling and
administrative expenses:
Selling expenses
1,394,000
1,076,000
Administrative expenses
706,000
611,500
Total expenses
2,100,000
1,687,500
Net operating
income
470,000
389,000
Interest
expense
100,000
89,000
Net income before
taxes
$
370,000
$
300,000
Members of the company’s board of
directors...
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,340,000
$
5,578,400
Cost of goods sold
4,620,000
3,510,500
Gross margin
2,720,000
2,067,900
Selling and administrative expenses:
Selling expenses
1,389,000
1,076,000
Administrative expenses
709,500
610,500
Total expenses
2,098,500
1,686,500
Net operating income
621,500
381,400
Interest expense
101,000
94,000
Net income before taxes
$
520,500
$
287,400
Members of the company’s board of directors are surprised...
1. Prepare an income statement in comparative form, stating each
item for both years as a...
1. Prepare an income statement in comparative form, stating each
item for both years as a percent of sales. Round your percentages
to one decimal place. Enter all amounts as positive numbers.
Question not attempted. Score: 0/76 Indigo Company Comparative
Income Statement For the Years Ended December 31, 2016 and 2015 1
2016 2016 2015 2015 2 Amount Percent Amount Percent 3 Sales
$890,000.00 $600,000.00 4 Cost of goods sold 320,400.00 228,000.00
5 Gross profit $569,600.00 $372,000.00 6 Selling expenses...