Operating data for Krystal Corporation are presented below. 2013 2012 Net sales P600,000 390,000 P750,000 Cost of goods sold 465,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 54,000 Income tax expense 33,000 24,000 Net income 72,000 60,000 Instruction: Prepare a schedule showing a vertical analysis for 2013 and 2012.

Operating data for Krystal Corporation are presented below. 2013 2012 Net sales P600,000 390,000 P750,000 Cost of goods sold 465,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 54,000 Income tax expense 33,000 24,000 Net income 72,000 60,000 Instruction: Prepare a schedule showing a vertical analysis for 2013 and 2012.

Name: Operating data for Krystal Corporation are presented below.20132012Ne
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Description: Operating data for Krystal Corporation are presented below.20132012Net salesP750,000P600,000Cost of goods sold465,000390,000Selling expenses120,00072,000Administrative expenses60,00054,000Income tax expense33,00024,000Net income72,00060,000Instructi

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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