r=&inprogress=false Ch09 200A eBook Calculator Instructions: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y2 as the base year. Enter decreases as negative amounts and negative percentages. Round percentage chang to one decimal place. Greyhound Technology Company Comparative Income Statement For the Years Ended December 31, 20Y3 and 20Y2 Increase (Decrease) Increase (Decrease) 20Υ3 20Υ2 Amount Percent Sales $636,292 $541,000 $ Cost of goods sold (462,400) (340,000) % Gross profit $173,892 $201,000 $ Selling expenses $(66,700) $(46,000) $ Administrative expenses (38,400) (29,000) Total operating expenses $(105,100) $(75,000) $ Income from operations $68,792 $126,000 $ Other income 2,880 2,300 % Income before income tax $71,672 $128,300 $ % Income tax expense (20,100) (38,500) Net income $51,572 $89,800 $ % Previous Next Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for Grading Assignment Score: 17.31% W JUL tv 10 3D DD 80 DO0 000 F9 F10 F7 F8 F4 F5 F6 F2 F3 ....
r=&inprogress=false Ch09 200A eBook Calculator Instructions: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y2 as the base year. Enter decreases as negative amounts and negative percentages. Round percentage chang to one decimal place. Greyhound Technology Company Comparative Income Statement For the Years Ended December 31, 20Y3 and 20Y2 Increase (Decrease) Increase (Decrease) 20Υ3 20Υ2 Amount Percent Sales $636,292 $541,000 $ Cost of goods sold (462,400) (340,000) % Gross profit $173,892 $201,000 $ Selling expenses $(66,700) $(46,000) $ Administrative expenses (38,400) (29,000) Total operating expenses $(105,100) $(75,000) $ Income from operations $68,792 $126,000 $ Other income 2,880 2,300 % Income before income tax $71,672 $128,300 $ % Income tax expense (20,100) (38,500) Net income $51,572 $89,800 $ % Previous Next Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for Grading Assignment Score: 17.31% W JUL tv 10 3D DD 80 DO0 000 F9 F10 F7 F8 F4 F5 F6 F2 F3 ....
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ch09 200A
eBook
Calculator
Instructions:
1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y2 as the base year. Enter decreases as negative amounts and negative percentages. Round percentage chang
to one decimal place.
Greyhound Technology Company
Comparative Income Statement
For the Years Ended December 31, 20Y3 and 20Y2
Increase (Decrease) Increase (Decrease)
20Υ3
20Υ2
Amount
Percent
Sales
$636,292
$541,000 $
Cost of goods sold
(462,400)
(340,000)
%
Gross profit
$173,892
$201,000 $
Selling expenses
$(66,700)
$(46,000) $
Administrative expenses
(38,400)
(29,000)
Total operating expenses
$(105,100)
$(75,000) $
Income from operations
$68,792
$126,000 $
Other income
2,880
2,300
%
Income before income tax
$71,672
$128,300 $
%
Income tax expense
(20,100)
(38,500)
Net income
$51,572
$89,800 $
%
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DD
80
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F8
F4
F5
F6
F2
F3
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