Net sales: Cost of goods sold Gross profit Operating expenses Not income 2025 $640,400 463.600 176,800 79,100 ORIOLE CORPORATION Condensed Income Statement 2024 $584,700 439.100 145,600 48,700 $ $97,700 $96,900 $ Increase or (Decrease) During 2025 Amount Percentage % % Je je * % %
Net sales: Cost of goods sold Gross profit Operating expenses Not income 2025 $640,400 463.600 176,800 79,100 ORIOLE CORPORATION Condensed Income Statement 2024 $584,700 439.100 145,600 48,700 $ $97,700 $96,900 $ Increase or (Decrease) During 2025 Amount Percentage % % Je je * % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please provide answer in text form with explanation computation for each steps clearly and correctly
![Net sales
Cost of goods sold
Gross profit
Operating expenses
Net income
2025
$640,400
463.600
176,800
79,100
$97.700
ORIOLE CORPORATION
Condensed Income Statement
2024
$584,700
439,100
145,600
48,700
$
$ 96,900 $
Increase or (Decrease) During 2025
Amount
Percentage
%
%
Je je
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18316af1-4fcd-4c1d-be6a-747d8bedbaf5%2F9e63d9c9-0343-40a7-936f-619b1be959b6%2Fksju0mf_processed.png&w=3840&q=75)
Transcribed Image Text:Net sales
Cost of goods sold
Gross profit
Operating expenses
Net income
2025
$640,400
463.600
176,800
79,100
$97.700
ORIOLE CORPORATION
Condensed Income Statement
2024
$584,700
439,100
145,600
48,700
$
$ 96,900 $
Increase or (Decrease) During 2025
Amount
Percentage
%
%
Je je
%
%
%
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