GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year %2. % %24 Sales $ 740,000 $655,000 Cost of goods sold 570,800 282,200 Gross profit 169,200 372,800 Operating expenses 129,200 258,800 Net income $ 40,000 $ 114.000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Comon size percentage

GOMEZ CORPORATION
Comparative Income Statements
For Years Ended December 31
Current Year
Prior Year
%2.
%
%24
Sales
$ 740,000
$655,000
Cost of goods sold
570,800
282,200
Gross profit
169,200
372,800
Operating expenses
129,200
258,800
Net income
$ 40,000
$ 114.000
Transcribed Image Text:GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year %2. % %24 Sales $ 740,000 $655,000 Cost of goods sold 570,800 282,200 Gross profit 169,200 372,800 Operating expenses 129,200 258,800 Net income $ 40,000 $ 114.000
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