is the trends favorable , unfavorable or neutral provide numeric and percentage evidence to support...

50.1K

Verified Solution

Question

Accounting

is the trends favorable , unfavorable or neutral provide numeric and percentage evidence to support the position according to that board
b . discuss net income and gross profit trends
c. discuss the ratios : what are the trends over the three -year period image
\begin{tabular}{|l|l|l|l|l|l|} \hline Company1:BJsIncomeStatement-USD($)sharesinThousands,$inThousands & 2022 & 2021 & ChangeinPercentage & 2020 & Change in Percentage \\ \hline Net Sales & $1,283,926 & $1,087,038 & 15.34% & $778,510 & 28.38% \\ \hline Costofgoodssold & $34 & $288,110 & 17.59% & $195,573 & 32.12% \\ \hline Gross Profit & $934,281 & $798,928 & 14.48% & $582,937 & 27.04% \\ \hline OperatingIncome & ($5,480) & ($16,507) & 201.22% & ($86,431) & 423.60% \\ \hline Net Income & $4,076 & ($3,606) & 188.47% & ($57,885) & 1505.24% \\ \hline Ratio:GrossProfit & 72.77% & 73.50% & NA & 74.88% & NA \\ \hline Ratio:NetIncome% & 0.003 & 0 & NA & 0 & NA \\ \hline Metric: & $0.17 & ($0.16) & 5.88% & ($2.74) & 1612.5% \\ \hline \end{tabular}

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