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1-The expense account that is the largest as a percent of service revenue in 2016...

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Accounting

1-The expense account that is the largest as a percent of service revenue in 2016 is

A)Office Supplies Expense

B)Job and Materials Expense

C)Wages Expens

2- Telephone Expense as a percent of Service Revenue in 2017 is

A.1.81%

B.1.60%

C.8.75%

image

Vertical Analysis Capital City Carpet Cleaning Income Statement For the Years Ended June 30, 2017 and June 30, 2016 2017 2016 Percentage Percentage 2017 2016 Revenue: Service Revenue $ 108,500.00 $ 88,400.00 100% 100% Expenses: Wages Expense Advertising Expense Repairs & Maint. - Equipment Exp Vehicle Expense Telephone Expense Office Supplies Expense Job and Materials Expense Depreciation Expense - Van Depreciation Exp.-Equip. 61,500.00 11,350.00 1,400.00 4,370.00 1,740.00 625.00 4,925.00 4,930.00 1,820.00 59,100.00 9,370.00 2,250.00 3.690.00 1,600.00 500.00 4,020.00 4,780.00 1,655.00 Total Expenses $ 92,660.00 $ 86.965.00 15,840.00 1,435.00 Net Income

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