Express The Following Comparative Income Statements In Common Size Percents Using The Common Size Percents Which Item 1 (53.67 KiB) Viewed 12 times
Express The Following Comparative Income Statements In Common Size Percents Using The Common Size Percents Which Item 2 (33.33 KiB) Viewed 12 times
Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year S Current Year % Prior Year $ Prior Year % Sales $ $ 635,000 297,600 Cost of goods sold Gross profit 337,400 254,000 Operating expenses Net income 83,400 $ Reason for Decline in Net Income > 740,000 570,800 169,200 129,200 40,000 $
Express the following comparative income statements in common-size percents. Using the common-size percents, which item is mos responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Using the common-size percents, which item is most responsible for the decline in net income? Using the common-size percents, which item is most responsible for the decline in net income? < Income Statement Maason for Diline in Not Income
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