Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1...
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Accounting
Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 14 of 15 (9 complete) 14.3-13 Presented are the income statements of Blackout and Pinecone heavy equipment manufacturing companies for the current year Blackout Pinecone Net sales revenue $487,000 100.00% $500,000 100.00% COGS 400.100 82.16% 395.000 79.00% Gross Profit 86.900 17.84% 105,000 21.00% Selling/Gen Expenses 20.000 4.11% 50.000 10.00% Income from operations 66.900 13.74% 55,000 11.00% Income tax expense 17.100 3.51% 16.500 3.30% Net Income $49,800 10.23% $38.500 7.70% Which company has the better relationship percentage - wise between selling and general expenses compared to net sales revenue? O A. Blackout OB. Both have the same relationship c. Pinecone OD. Impossible to determine
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