Answer Happy

Revenue and expense data for the current calendar year for
Tannenhill Company and for the electronics industry are as follows.
The Tannenhill Company data are expressed in dollars. The
electronics industry averages are expressed in percentages. Prepare
a common-sized income statement comparing the results of operations
for Tannenhill Company with the industry average. Prepare a
common-sized income statement comparing the results of operations
for Tannenhill Electronics Company with the industry average.
Tannenhill Electronics Company Amount Tannenhill Electronics
Company Percent Electronics Industry Average How does Tannenhill
Company Compare to Industry Average? Sales $4,500,000 100% Cost of
goods sold 2,345,000 57% favorable / unfavorable Gross profit
$2,155,000 43% favorable / unfavorable Selling expenses $940,000
24% favorable / unfavorable. Administrative expenses 790,000 13%
favorable / unfavorable Total operating expenses $1,730,000 37%
favorable / unfavorable Income from operations $425,000 6%
favorable / unfavorable.
The comparative financial statements of Stargel Inc. are
provided. Determine the following measures for 20Y2 and 20Y1,
rounding to one decimal place, including percentages. Use the
formulas as presented. Competitor ratios and industry averages are
provided for use, as appropriate, in evaluating Stargel.