Presented are the income statements of Clyton and Gamer heavy equipment manufacturing companies for the current yearClyton$487,000Net sales revenueCOGSGross ProfitSelling/Gen ExpensesIncome from operationsIncome tax expenseNet Income400 30086,70020,20066,50017.100$49,400DA. Impossible to determineDB. Both have the same relationshipC. ClytonD. Garner100.00%82.20%17.80%4.15%13.66%3.51%10.14%Garner$500,000395,000105,00050,000100.00%79.00%21.00%10.00%11.00%3.30%7.70%55,00016,500$38,500Which company has the better relationship percentage-wise between selling and general expenses compared to net sales revenue?

Horizontal analysis is the financial tool used for evaluating the performance of the company. Sales…

Presented are the income statements of Clyton and Gamer heavy equipment manufacturing companies for the current year Clyton $487,000 Net sales revenue COGS Gross Profit Selling/Gen Expenses Income from operations Income tax expense Net Income 400.300 86,700 20,200 66,500 17.100 $49,400 OA. Impossible to determine OB. Both have the same relationship OC. Clyton D. Garner 100.00% 82. 20% 17.80% 4 50,000 55,000 16,500 $38,500 Which company has the better relationship percentage-wise between selling and general expenses compared to net sales revenue? Garner $500,000 395,000 105,000 4.15% 13.66% 3.51% 10.14% 100.00% 79.00% 21.00% 10.00% 11.00% 3.30% 7.70%

Presented are the income statements of Clyton and Gamer heavy equipment manufacturing companies for the current year Clyton $487,000 Net sales revenue COGS Gross Profit Selling/Gen Expenses Income from operations Income tax expense Net Income 400.300 86,700 20,200 66,500 17.100 $49,400 OA. Impossible to determine OB. Both have the same relationship OC. Clyton D. Garner 100.00% 82. 20% 17.80% 4 50,000 55,000 16,500 $38,500 Which company has the better relationship percentage-wise between selling and general expenses compared to net sales revenue? Garner $500,000 395,000 105,000 4.15% 13.66% 3.51% 10.14% 100.00% 79.00% 21.00% 10.00% 11.00% 3.30% 7.70%

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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