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Business
Accounting
2017 2016 Sales revenue S3.940 $3,600 Costs and expenses Cost of goods sold 1,055 990 Selling & administrative expenses 2,400 2.330 Interest expense 25 20 Total costs and expenses 3,400 3,340 Income before income texes 460 260 Income tax expense 138 76 Net income $ 322 $ 182

2017 2016 Sales revenue S3.940 $3,600 Costs and expenses Cost of goods sold 1,055 990 Selling & administrative expenses 2,400 2.330 Interest expense 25 20 Total costs and expenses 3,400 3,340 Income before income texes 460 260 Income tax expense 138 76 Net income $ 322 $ 182

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Show Profit margin for two years
2017 2016 Sales revenue S3.940 $3,600 Costs and expenses Cost of goods sold 1,055 990 Selling & administrative expenses 2400 2,330 Interest expense 25 20 Total costs and expenses 3,480 3,340 Income before income texes 460 260 Income tax expense 138 78 Net income $ 322 $ 192
Transcribed Image Text:2017 2016 Sales revenue S3.940 $3,600 Costs and expenses Cost of goods sold 1,055 990 Selling & administrative expenses 2400 2,330 Interest expense 25 20 Total costs and expenses 3,480 3,340 Income before income texes 460 260 Income tax expense 138 78 Net income $ 322 $ 192
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