hydgenow.com/ilm/takeAssignment/take Assignment Mala * Exam 3 (Ch. 16-18) Hot Anal of Income Statement Por 2012, McDade

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Hydgenow Com Ilm Takeassignment Take Assignment Mala Exam 3 Ch 16 18 Hot Anal Of Income Statement Por 2012 Mcdade 1 (30.63 KiB) Viewed 119 times

Hydgenow Com Ilm Takeassignment Take Assignment Mala Exam 3 Ch 16 18 Hot Anal Of Income Statement Por 2012 Mcdade 2 (30.92 KiB) Viewed 119 times

hydgenow.com/ilm/takeAssignment/take Assignment Mala * Exam 3 (Ch. 16-18) Hot Anal of Income Statement Por 2012, McDade Company reported o decline in net income. At the end of the year. T. Burrows, the president, la presented with the following condensed comparative income statement McDade Company Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 5737,529 5617.000 Cost of merchandise old 545,000 390,000 Gross proft $191,520 5227,000 $78,000 152,000 Administrative expenses 44,000 33.000 Total Operating expenses $122.000 585,000 Income from operations 5142,000 Other revenue 3.340 2,600 Income before income tax expen $71,995 144,600 Income tax expenses 20,200 43.400 Net Income $51,795 5101,200 Required: 1. Prepare a comparative income statement with hollysis for the two year period, ning 2071 as the one year Round percentages to one decimal place the minion to indicate a decrease in the ofference.com

1. Prepare a comparative income statement with horizontal arinlysis for the two-year period, using 2011 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the Difference columns McDade Company Comparative Income Statement For the Years Ended December 31, 2012 and 2041 Difference Difference 2012 2011 - Amount - Percent Sales $737,529 5617,000 Cost of merchandise sold 546,000 390,000 Gross profit $191,529 $227,000 Selling expenses $78,000 552,000 Administrative expenses 44.880 33.000 Total operating expenses $122,650 $85.000 Income from operations 368,649 $142,000 Other revenue 3.346 2,600 Income before income tax expense $71.995 $144,600 Income tax expense 20,200 43,400 Net Income 351,795 $101,200 2. Net income has from 2011 to 202. Sales have Causing the gross profitto however, the cost of merchandise sold has Increme Previous Next Herre Time Remaining 1:25:47