Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000
Dandy's Dandy Dandelion Wine Watering Hole Income Statement For Years-Ended 12.31.12 and 12.31.13 Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Financial Analysis Salaries Expense Electric Expense Depreciation Expense - Machinery Depreciation Expense - Vehicles Depreciation Expense - Building Net Income 12.31.13 1,400,000 6,000 10,000 1,384,000 1,000,000 384,000 80,000 14,000 10,000 5,000 15,000 260,000 12.31.12 1,045,000 12,000 2,000 1,031,000 652,000 379,000 70,000 15,000 4,000 5,000 10,000 275,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How do get the Gross Profit Margin and Net Profit Margin?
Transcribed Image Text:Dandy's Dandy Dandelion Wine Watering Hole
Income Statement
For Years-Ended 12.31.12 and 12.31.13
Sales Revenue
Sales Returns and Allowances
Sales Discounts
Net Sales
Cost of Goods Sold
Gross Profit
Financial Analysis
Salaries Expense
Electric Expense
Depreciation Expense - Machinery
Depreciation Expense - Vehicles
Depreciation Expense - Building
Net Income
12.31.13
1,400,000
6,000
10,000
1,384,000
1,000,000
384,000
80,000
14,000
10,000
5,000
15,000
260,000
12.31.12
1,045,000
12,000
2,000
1,031,000
652,000
379,000
70,000
15,000
4,000
5,000
10,000
275,000
Transcribed Image Text:Dandy's Dandy Dandelion Wine Watering Hole
Income Statement
For Years-Ended 12.31.12 and 12.31.13
Sales Revenue
Sales Returns and Allowances
Sales Discounts
Net Sales
Cost of Goods Sold
Gross Profit
Financial Analysis
Salaries Expense
Electric Expense
Depreciation Expense - Machinery
Depreciation Expense - Vehicles
Depreciation Expense - Building
Net Income
12.31.13
1,400,000
6,000
10,000
1,384,000
1,000,000
384,000
80,000
14,000
10,000
5,000
15,000
260,000
12.31.12
1,045,000
12,000
2,000
1,031,000
652,000
379,000
70,000
15,000
4,000
5,000
10,000
275,000
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