Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i cannot figure out the percentage vertical

I cannot figure out the percentage VERTICAL ANALYSIS ...

80.2K

Verified Solution

Question

Accounting

I cannot figure out the percentage

VERTICAL ANALYSIS
ETHAN ALLEN INTERIORS, INC.
INCOME STATEMENT 2020 PERCENTAGE 2019 PERCENTAGE
NET SALES 589,837 746,684
COST OF SALES 266,705 337,193
GROSS PROFIT 323,132 409,491
SELLING, GEN & ADMIN EXPENSES 311,507 356,880
INCOME TAX EXPENSE 5,289 8,162
NET INCOME 8,900 25,698

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A restaurant has terrible on-line ratings. The manager tabulates the complaints mentioned in the reviews. These...

Psychology
1.2K views

The APA ethics code expresses ethical standards for internal factors including competence, privacy/confidentiality, record keeping and fees,...

Physics
1.2K views

PLEASE answer questions 3 , 4 & 5. write clearly PROBLEM 3 Calculate the magnitude of the...

Advance Math
1.2K views

14. Extra Credit: Cayley’s Theorem is an important one in advanced algebra. It says that “Every...

Physics
1.2K views

The mean weight of 150 students in a certain class is 60 kilograms The mean...

Geometry
1.2K views

Which of the following is NOT a true statement Select one O a In the...

Statistics
1.2K views

suspect that 18 of all high school students smoke one pack of cigarettes per week...

Calculus
1.2K views

Let f z 1 2x 14 if z 6 Calculate the following limits Enter DNE...

Accounting
1.2K views

Question 1. (production budget) The following table presents Generic Motors Company's...

Accounting
1.2K views

Fine Co. issued its common stock in exchange for the common stock of Dandy Corp....

Accounting
1.2K views

Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product...

Finance
1.2K views

can you draw the cash flow diagram for each alternative and calculate annual worth, present...