2. What can you say about the net income for the year 2020? * O A) Net Income has increased as a result of the increased operating profit. B) Net Income has decreased as a result of the decreased operating profit which resulted from the increase in COGS... C) Net income is $2,061 representing 1.3% of sales. The company has a overall decrease in profit compared to the year 2019. D) Both (B) & (C)
2. What can you say about the net income for the year 2020? * O A) Net Income has increased as a result of the increased operating profit. B) Net Income has decreased as a result of the decreased operating profit which resulted from the increase in COGS... C) Net income is $2,061 representing 1.3% of sales. The company has a overall decrease in profit compared to the year 2019. D) Both (B) & (C)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![2. What can you say about the net income for the year 2020?
A) Net Income has increased as a result of the increased operating profit.
B) Net Income has decreased as a result of the decreased operating profit which
resulted from the increase in COGS..
C) Net income is $2,061 representing 1.3% of sales. The company has a overall
decrease in profit compared to the year 2019.
D) Both (B) & (C)
E) None of the above
2What is the gross profit marcin for the comp
over the years 2020 and 2019](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F911101eb-c578-4165-99ed-1792a9b9d5c6%2F198b9180-7c25-4be8-a8e3-4e525ccdee8c%2Frijh5bn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. What can you say about the net income for the year 2020?
A) Net Income has increased as a result of the increased operating profit.
B) Net Income has decreased as a result of the decreased operating profit which
resulted from the increase in COGS..
C) Net income is $2,061 representing 1.3% of sales. The company has a overall
decrease in profit compared to the year 2019.
D) Both (B) & (C)
E) None of the above
2What is the gross profit marcin for the comp
over the years 2020 and 2019
![Income Statement: The income statement of Taco Bell company is given for the
years 2020 & 2019.
2020
2019
General and administrative expenses
25,000
24,000
Interest expense
1,200
1,500
Net sales
$124,000
$138,000
Selling expenses
11.880
12,720
Income taxes
$1,109.5
1,883
COGS
108,000
95,000
Gain on Sale of land
450
600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F911101eb-c578-4165-99ed-1792a9b9d5c6%2F198b9180-7c25-4be8-a8e3-4e525ccdee8c%2F6agultp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Income Statement: The income statement of Taco Bell company is given for the
years 2020 & 2019.
2020
2019
General and administrative expenses
25,000
24,000
Interest expense
1,200
1,500
Net sales
$124,000
$138,000
Selling expenses
11.880
12,720
Income taxes
$1,109.5
1,883
COGS
108,000
95,000
Gain on Sale of land
450
600
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