Homework Help is Here – Start Your Trial Now!
Business
Accounting
Prepare a vertical analysis of the income statement for Cookie & Coffee Creations Inc. for 2026 and 2025. (Round percentages to 2 decimal places, eg. 12.25%. Do not leave any answer field blank. Enter O for amounts) COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31 Percentage Sales revenue Cost of goods sold Gross profit Operating expenses Salaries and wages expense Depreciation expense Other operating expenses Total operating expenses Income from operations Other expenses Interest expense Loss on disposal of plant assets Total other expenses Income before income tax Income tax expense Net income 2026 $485,625 222,694 262,931 147,979 17,600 48,186 213,765 49,166 413 2,500 2,913 46,253 9,251 $37,002 1.85 96 0.85 96 100 96 96 96 96 96 96 96 96 96 96 2025 $462,500 200,125 254,375 146,350 9,100 42,925 198,375 56,000 O 0 56,000 14,000 $42,000 Vertical Analysis 1.82 100 96 96

Prepare a vertical analysis of the income statement for Cookie & Coffee Creations Inc. for 2026 and 2025. (Round percentages to 2 decimal places, eg. 12.25%. Do not leave any answer field blank. Enter O for amounts) COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31 Percentage Sales revenue Cost of goods sold Gross profit Operating expenses Salaries and wages expense Depreciation expense Other operating expenses Total operating expenses Income from operations Other expenses Interest expense Loss on disposal of plant assets Total other expenses Income before income tax Income tax expense Net income 2026 $485,625 222,694 262,931 147,979 17,600 48,186 213,765 49,166 413 2,500 2,913 46,253 9,251 $37,002 1.85 96 0.85 96 100 96 96 96 96 96 96 96 96 96 96 2025 $462,500 200,125 254,375 146,350 9,100 42,925 198,375 56,000 O 0 56,000 14,000 $42,000 Vertical Analysis 1.82 100 96 96

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please show your work. Everything needed is included the problem.

 

Prepare a vertical analysis of the income statement for Cookie & Coffee Creations Inc. for 2026 and 2025. (Round percentages to 2 decimal places, eg. 12.25%. Do not leave any answer field blank. Enter O for amounts.) Sales revenue Cost of goods sold Gross profit Operating expenses Salaries and wages expense Depreciation expense Other operating expenses Total operating expenses Income from operations Other expenses Interest expense Loss on disposal of plant assets Total other expenses Income before income tax Income tax expense Net income 2026 $485,625 222,694 262,931 147,979 17,600 48,186 213,765 49,166 413 2,500 2,913 46,253 9,251 $37,002 COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31 Percentage 185 0.85 96 100 sa 2025 $462,500 208,125 254,375 146,350 9,100 42,925 198,375 56,000 0 56,000 14,000 $42,000 Vertical Analysis 1.82 0.82 96 100 996 996
Transcribed Image Text:Prepare a vertical analysis of the income statement for Cookie & Coffee Creations Inc. for 2026 and 2025. (Round percentages to 2 decimal places, eg. 12.25%. Do not leave any answer field blank. Enter O for amounts.) Sales revenue Cost of goods sold Gross profit Operating expenses Salaries and wages expense Depreciation expense Other operating expenses Total operating expenses Income from operations Other expenses Interest expense Loss on disposal of plant assets Total other expenses Income before income tax Income tax expense Net income 2026 $485,625 222,694 262,931 147,979 17,600 48,186 213,765 49,166 413 2,500 2,913 46,253 9,251 $37,002 COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31 Percentage 185 0.85 96 100 sa 2025 $462,500 208,125 254,375 146,350 9,100 42,925 198,375 56,000 0 56,000 14,000 $42,000 Vertical Analysis 1.82 0.82 96 100 996 996
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS