Current Attempt in Progress Here are the comparative income statements of Oriole Corporation. ORIOLE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $632,300 $544,800 Cost of goods sold 456,600 415,500 Gross Profit 175,700 129,300 Operating expenses 74,100 44,500 Net income $ 101,600 $ 84,800 (a) Prepare a horizontal analysis of the income statement data for Oriole Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) ORIOLE CORPORATION Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $632,300 $544,800 $enter a dollar amount enter percentages rounded to 1 decimal place % Cost of goods sold 456,600 415,500 enter a dollar amount enter percentages rounded to 1 decimal place % Gross Profit 175,700 129,300 enter a dollar amount enter percentages rounded to 1 decimal place % Operating expenses 74,100 44,500 enter a dollar amount enter percentages rounded to 1 decimal place % Net income $ 101,600 $ 84,800 $enter a dollar amount enter percentages rounded to 1 decimal place
Current Attempt in Progress Here are the comparative income statements of Oriole Corporation. ORIOLE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $632,300 $544,800 Cost of goods sold 456,600 415,500 Gross Profit 175,700 129,300 Operating expenses 74,100 44,500 Net income $ 101,600 $ 84,800 (a) Prepare a horizontal analysis of the income statement data for Oriole Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) ORIOLE CORPORATION Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net sales $632,300 $544,800 $enter a dollar amount enter percentages rounded to 1 decimal place % Cost of goods sold 456,600 415,500 enter a dollar amount enter percentages rounded to 1 decimal place % Gross Profit 175,700 129,300 enter a dollar amount enter percentages rounded to 1 decimal place % Operating expenses 74,100 44,500 enter a dollar amount enter percentages rounded to 1 decimal place % Net income $ 101,600 $ 84,800 $enter a dollar amount enter percentages rounded to 1 decimal place
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
Related questions
Question
Current Attempt in Progress
Here are the comparative income statements of Oriole Corporation.
(a)
Prepare a horizontal analysis of the income statement data for Oriole Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)
|
ORIOLE CORPORATION
Comparative Income Statement For the Years Ended December 31 |
||||
|---|---|---|---|---|
|
2022
|
2021
|
|||
|
Net sales
|
$632,300
|
$544,800
|
||
|
Cost of goods sold
|
456,600
|
415,500
|
||
|
Gross Profit
|
175,700
|
129,300
|
||
|
Operating expenses
|
74,100
|
44,500
|
||
|
Net income
|
$ 101,600
|
$ 84,800
|
(a)
Prepare a horizontal analysis of the income statement data for Oriole Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)
|
ORIOLE CORPORATION
Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Increase or (Decrease) During 2022
|
||||||||
|
2022
|
2021
|
Amount
|
Percentage
|
|||||
|
Net sales
|
$632,300
|
$544,800
|
$enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Cost of goods sold
|
456,600
|
415,500
|
enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Gross Profit
|
175,700
|
129,300
|
enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Operating expenses
|
74,100
|
44,500
|
enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
|||
|
Net income
|
$ 101,600
|
$ 84,800
|
$enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
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