- Question 3 The Comparative Condensed Income Statements Of Evergreen Corporation Are Shown Below Evergreen Corporation C 1 (59.34 KiB) Viewed 40 times
The comparative condensed income statements of Evergreen Corporation are shown below.
Evergreen CORPORATION
Comparative Condensed
Income Statements For the Years Ended December 31
2015 2014
Net sales $660,000 $600,000
Cost of goods sold 483,000 420,000
Gross profit 177,000 180,000
Operating expenses 125,000 120,000
Net income $ 52,000 $ 60,000
Required:
(a) Analyse the horizontal analysis and vertical analysis of the income statement data for
Evergreen Corporation. (10 marks)
(b) Write a report to the Finance Director, suggest THREE (3) improvement from the above
income statement. (17 marks)
Could you please solve this question as soon as possible?
Thanks
Question 3 The comparative condensed income statements of Evergreen Corporation are shown below. Evergreen CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 2015 2014 Net sales $660,000 $600,000 Cost of goods sold 483,000 420,000 Gross profit 177,000 180,000 Operating expenses 125,000 120,000 Net income $ 52,000 $ 60,000 Required: (a) Analyse the horizontal analysis and vertical analysis of the income statement data for Evergreen Corporation. (10 marks) (b) Write a report to the Finance Director, suggest THREE (3) improvement from the above income statement. (17 marks)