A. Zienna Inc. is concerned about the level of its advertising and office salaries expense. Selected statement of Comprehensive income data from 2018 to 2020 appear below.202020192018Sales140,000.0060,000.0037,500.00Gross Profit89,600.0037,200.0022,500.00Advertising Expense7,000.003,300.002,250.00Office Salaries ExpenseProfit22,400.009.000.004,500.0030,800.0013,800.009,000.00Required: Calculate trend percentage for sales, advertising expense and office salaries expense. Use 2018 as the base year. Round off to the nearest percent.

Trend analysis are made in order to observe the changes in the line items of financial statements.…

A. Zienna Inc. is concerned about the level of its advertising and office salaries expense. Selected statement of Comprehensive income data from 2018 to 2020 appear below. 2020 2019 2018 Sales 140.000.00 60,000.00 37,500.00 37,200.00 3,300.00 Gross Profit 89,600.00 22,500.00 Advertising Expense Office Salaries Expense 7,000.00 2,250.00 22,400.00 9.000.00 4,500.00 Profit 30,800.00 13,800.00 9,000.00 Required: Calculate trend percentage for sales, advertising expense and office salaries expense. Use 2018 as the base year. Round off to the nearest percent.

A. Zienna Inc. is concerned about the level of its advertising and office salaries expense. Selected statement of Comprehensive income data from 2018 to 2020 appear below. 2020 2019 2018 Sales 140.000.00 60,000.00 37,500.00 37,200.00 3,300.00 Gross Profit 89,600.00 22,500.00 Advertising Expense Office Salaries Expense 7,000.00 2,250.00 22,400.00 9.000.00 4,500.00 Profit 30,800.00 13,800.00 9,000.00 Required: Calculate trend percentage for sales, advertising expense and office salaries expense. Use 2018 as the base year. Round off to the nearest percent.

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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