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Business
Accounting
Comprehensive Income December 31, 2017 and 2018 2017 4,551,000 Increase/Decrease Peso Percent 2018 382,000 8.4 Sales 4,933,000 Less: Cost of sales Gross Profit 3,164,000 1,769,000 2.983.000 1,586,000 Operating Expenses Selling expenses Administrative 760,000 632,000 278,000 1,038.000 245,000 877,000 Total Operating income Interest Expense Income before tax 731,000 691,000 24,000 707,000 28,000 663,000 Income tax 212,000 199,000 NET INCOME 495.000 464.000

Comprehensive Income December 31, 2017 and 2018 2017 4,551,000 Increase/Decrease Peso Percent 2018 382,000 8.4 Sales 4,933,000 Less: Cost of sales Gross Profit 3,164,000 1,769,000 2.983.000 1,586,000 Operating Expenses Selling expenses Administrative 760,000 632,000 278,000 1,038.000 245,000 877,000 Total Operating income Interest Expense Income before tax 731,000 691,000 24,000 707,000 28,000 663,000 Income tax 212,000 199,000 NET INCOME 495.000 464.000

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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Solve the following (Please refer to the picture)

JENNY Merchandising Horizontal Analysis Comprehensive Income December 31, 2017 and 2018 2018 2017 Increase/Decrease Peso Percent 8.4% Sales Less: Cost of sales Gross Profit 4,933,000 3,164,000 1,769,000 4,551,000 2,983,000 1,586,000 382,000 Operating Expenses Selling expenses Administrative 760,000 632,000 278,000 1,038,000 245,000 Total 877,000 Operating Income Interest Expense 731,000 691,000 24,000 707,000 212,000 28,000 Income before tax 663,000 Income tax 199,000 NET INCOME 495.000 464.000
Transcribed Image Text:JENNY Merchandising Horizontal Analysis Comprehensive Income December 31, 2017 and 2018 2018 2017 Increase/Decrease Peso Percent 8.4% Sales Less: Cost of sales Gross Profit 4,933,000 3,164,000 1,769,000 4,551,000 2,983,000 1,586,000 382,000 Operating Expenses Selling expenses Administrative 760,000 632,000 278,000 1,038,000 245,000 Total 877,000 Operating Income Interest Expense 731,000 691,000 24,000 707,000 212,000 28,000 Income before tax 663,000 Income tax 199,000 NET INCOME 495.000 464.000
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