Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. . comparative income statements for 2012 and 2011

. Comparative income statements for 2012 and 2011 follow. Sales Cost of Sales Gross Profit...

70.2K

Verified Solution

Question

Accounting

image
. Comparative income statements for 2012 and 2011 follow. Sales Cost of Sales Gross Profit Operating Expenses Operating Income Interest Expense Earnings Before Tax Income Taxes Net Income 2012 $9, 434,000 7,075, 400 $2,358, 600 1,367, 690 $ 990, 910 157,500 $ 833, 410 400,000 $ 433,410 2011 $7,862,000 5, 660, 640 $2,201, 360 1, 365, 060 $ 836, 300 126,000 $ 710,300 317,200 $ 393, 100 Required: a. Prepare a vertical common-size analysis of this statement for each year, using sales as the base. b. Comment briefly on the changes between the two years, based on the vertical common- size statement

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How much interest will be paid in the 7th month if you borrow $20,000 at a rate...

Finance
Q

2)When we dispose the wastewater to the environment without treatment it will cause many problems Discuss...

Biology
Q

1. A child is drinking a liquid with a straw. Which of the following statements is...

Physics
Q

Pizza King (PK) and Noble Greek (NG) are competitive pizza chains.  PK believes there is a 30%...

Operations Management
Q

A 25 kg mass or a 30 kg mass going 5 m/s.Two 10 kg masses,...

Physics
Q

Write in Polar form r cos 0 i sin 0 0 0 2 and round...

Calculus
Q

2 Let R Z6 x the polynomial ring with coefficients in Z6 Answer the following...

Algebra
Q

Assume the following (1) contribution margin = $150,000 (2) net operating income = $15,000, and...

Accounting
Q

Cul es la tasa de rendimiento esperada de un bono que vence en 7 aos,...

Accounting
Q

Exercise 22-8 (Part Level Submission) Rensing Groomers is in the dog-grooming business. Its operating costs...

Accounting
Q

Blooms, Etc. has a plant-of-the-season club. The club member receives a plant at the beginning...

Accounting
Q

On March 1, 2020, Sabina Inc.s application for a patent of a new product was...

Accounting