Revenue and expense data for Rogan Technologies Co. are as follows: 20Y8 20Y7 Sales $701,000 $610,000 Cost of goods sold 434,620 347,700 Selling expenses 105,150 103,700 Administrative expenses 119,170 122,000 Income tax expense 21,030 12,200 a. Prepare an income statement in comparative form, stating each item for both 20Y8 and 20Y7 as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as a positive number. Rogan Technologies Co. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 Amount 20Y8 Percent 20Y7 Amount 20Y7 Percent $fill in the blank 6de34503cfdf061_2 fill in the blank 6de34503cfdf061_3% $fill in the blank 6de34503cfdf061_4 fill in the blank 6de34503cfdf061_5% fill in the blank 6de34503cfdf061_7 fill in the blank 6de34503cfdf061_8% fill in the blank 6de34503cfdf061_9 fill in the blank 6de34503cfdf061_10% Gross profit $fill in the blank 6de34503cfdf061_11 fill in the blank 6de34503cfdf061_12% $fill in the blank 6de34503cfdf061_13 fill in the blank 6de34503cfdf061_14% $fill in the blank 6de34503cfdf061_16 fill in the blank 6de34503cfdf061_17% $fill in the blank 6de34503cfdf061_18 fill in the blank 6de34503cfdf061_19% fill in the blank 6de34503cfdf061_21 fill in the blank 6de34503cfdf061_22% fill in the blank 6de34503cfdf061_23 fill in the blank 6de34503cfdf061_24% Total operating expenses $fill in the blank 6de34503cfdf061_25 fill in the blank 6de34503cfdf061_26% $fill in the blank 6de34503cfdf061_27 fill in the blank 6de34503cfdf061_28% $fill in the blank 6de34503cfdf061_30 fill in the blank 6de34503cfdf061_31% $fill in the blank 6de34503cfdf061_32 fill in the blank 6de34503cfdf061_33% fill in the blank 6de34503cfdf061_35 fill in the blank 6de34503cfdf061_36% fill in the blank 6de34503cfdf061_37 fill in the blank 6de34503cfdf061_38% Net income $fill in the blank 6de34503cfdf061_39 fill in the blank 6de34503cfdf061_40% $fill in the blank 6de34503cfdf061_41 fill in the blank 6de34503cfdf061_42%

Revenue and expense data for Rogan Technologies Co. are as follows: 20Y8 20Y7 Sales $701,000 $610,000 Cost of goods sold 434,620 347,700 Selling expenses 105,150 103,700 Administrative expenses 119,170 122,000 Income tax expense 21,030 12,200 a. Prepare an income statement in comparative form, stating each item for both 20Y8 and 20Y7 as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as a positive number. Rogan Technologies Co. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 Amount 20Y8 Percent 20Y7 Amount 20Y7 Percent $fill in the blank 6de34503cfdf061_2 fill in the blank 6de34503cfdf061_3% $fill in the blank 6de34503cfdf061_4 fill in the blank 6de34503cfdf061_5% fill in the blank 6de34503cfdf061_7 fill in the blank 6de34503cfdf061_8% fill in the blank 6de34503cfdf061_9 fill in the blank 6de34503cfdf061_10% Gross profit $fill in the blank 6de34503cfdf061_11 fill in the blank 6de34503cfdf061_12% $fill in the blank 6de34503cfdf061_13 fill in the blank 6de34503cfdf061_14% $fill in the blank 6de34503cfdf061_16 fill in the blank 6de34503cfdf061_17% $fill in the blank 6de34503cfdf061_18 fill in the blank 6de34503cfdf061_19% fill in the blank 6de34503cfdf061_21 fill in the blank 6de34503cfdf061_22% fill in the blank 6de34503cfdf061_23 fill in the blank 6de34503cfdf061_24% Total operating expenses $fill in the blank 6de34503cfdf061_25 fill in the blank 6de34503cfdf061_26% $fill in the blank 6de34503cfdf061_27 fill in the blank 6de34503cfdf061_28% $fill in the blank 6de34503cfdf061_30 fill in the blank 6de34503cfdf061_31% $fill in the blank 6de34503cfdf061_32 fill in the blank 6de34503cfdf061_33% fill in the blank 6de34503cfdf061_35 fill in the blank 6de34503cfdf061_36% fill in the blank 6de34503cfdf061_37 fill in the blank 6de34503cfdf061_38% Net income $fill in the blank 6de34503cfdf061_39 fill in the blank 6de34503cfdf061_40% $fill in the blank 6de34503cfdf061_41 fill in the blank 6de34503cfdf061_42%

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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Question

Revenue and expense data for Rogan Technologies Co. are as follows:

	20Y8	20Y7
Sales	$701,000		$610,000
Cost of goods sold	434,620		347,700
Selling expenses	105,150		103,700
Administrative expenses	119,170		122,000
Income tax expense	21,030		12,200

a. Prepare an income statement in comparative form, stating each item for both 20Y8 and 20Y7 as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as a positive number.

Rogan Technologies Co.
Comparative Income Statement
For the Years Ended December 31, 20Y8 and 20Y7
	20Y8 Amount	20Y8 Percent	20Y7 Amount	20Y7 Percent
	$fill in the blank 6de34503cfdf061_2	fill in the blank 6de34503cfdf061_3%	$fill in the blank 6de34503cfdf061_4	fill in the blank 6de34503cfdf061_5%
	fill in the blank 6de34503cfdf061_7	fill in the blank 6de34503cfdf061_8%	fill in the blank 6de34503cfdf061_9	fill in the blank 6de34503cfdf061_10%
Gross profit	$fill in the blank 6de34503cfdf061_11	fill in the blank 6de34503cfdf061_12%	$fill in the blank 6de34503cfdf061_13	fill in the blank 6de34503cfdf061_14%
	$fill in the blank 6de34503cfdf061_16	fill in the blank 6de34503cfdf061_17%	$fill in the blank 6de34503cfdf061_18	fill in the blank 6de34503cfdf061_19%
	fill in the blank 6de34503cfdf061_21	fill in the blank 6de34503cfdf061_22%	fill in the blank 6de34503cfdf061_23	fill in the blank 6de34503cfdf061_24%
Total operating expenses	$fill in the blank 6de34503cfdf061_25	fill in the blank 6de34503cfdf061_26%	$fill in the blank 6de34503cfdf061_27	fill in the blank 6de34503cfdf061_28%
	$fill in the blank 6de34503cfdf061_30	fill in the blank 6de34503cfdf061_31%	$fill in the blank 6de34503cfdf061_32	fill in the blank 6de34503cfdf061_33%
	fill in the blank 6de34503cfdf061_35	fill in the blank 6de34503cfdf061_36%	fill in the blank 6de34503cfdf061_37	fill in the blank 6de34503cfdf061_38%
Net income	$fill in the blank 6de34503cfdf061_39	fill in the blank 6de34503cfdf061_40%	$fill in the blank 6de34503cfdf061_41	fill in the blank 6de34503cfdf061_42%

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