A Company Comparative Income Statement for the Years Ended December 31, 2010 2011 Net Sales Revenues 70000 80000 Cost of Goods Sold ?????? ?????? Gross Profit ?????? ?????? Operating Expenses: Administrative Exp. Selling Exp. General Exp. Total Expenses Net Profit or Loss 6000 20000 ?????? ?????? 3000 2500 ?????? ?????? ?????? ?????? The above table shows comparative income statement of a company for the financial periods ended on December 31, of the years 2010 & 2011 Required: Use equations or functions to calculate cost of goods sold (40% of net sales revenues), gross profit, selling expenses (10% of net sales revenues), total expenses, and net profit or loss. Use equations or functions to calculate rate of return on sale, change rate of sales revenue and gross margin on sales.
A Company Comparative Income Statement for the Years Ended December 31, 2010 2011 Net Sales Revenues 70000 80000 Cost of Goods Sold ?????? ?????? Gross Profit ?????? ?????? Operating Expenses: Administrative Exp. Selling Exp. General Exp. Total Expenses Net Profit or Loss 6000 20000 ?????? ?????? 3000 2500 ?????? ?????? ?????? ?????? The above table shows comparative income statement of a company for the financial periods ended on December 31, of the years 2010 & 2011 Required: Use equations or functions to calculate cost of goods sold (40% of net sales revenues), gross profit, selling expenses (10% of net sales revenues), total expenses, and net profit or loss. Use equations or functions to calculate rate of return on sale, change rate of sales revenue and gross margin on sales.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Q 1.
A Company
Comparative Income Statement for the Years Ended December 31,
2010
2011
Net Sales Revenues
70000
80000
Cost of Goods Sold
??????
??????
Gross Profit
??????
??????
Operating Expenses:
Administrative Exp.
Selling Exp.
General Exp.
6000
20000
??????
??????
3000
2500
Total Expenses
??????
??????
Net Profit or Loss
??????
??????
The above table shows comparative income statement of a company
for the financial periods ended on December 31, of the years 2010 & 2011
Required:
Use equations or functions to calculate cost of goods sold (40% of net
sales revenues), gross profit, selling expenses (10% of net sales
revenues), total expenses,
and net profit or loss.
Use equations or functions to calculate rate of return on sale, change
rate of sales revenue and gross margin on sales.
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