REVENUE AND EXPENSE DATA FOR SOLDNER, INC ARE AS FOLLOWS; SALES          2014    1,500,000       2013    1,450,000 COGS                        930,000                       812,000 SELLING EXP             210,000                       261,000 ADM EXP                  255,000                       232,000 INC TAX EXP              52,500                          72,500 PREPARE AN INCOME STATEMENT IN COMPARATIVE FORM, STATING EACH ITEM FOR BOTH 2014 AND 2013 AS A PERCENT OF SALES.  ROUND TO ONE DECIMAL.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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REVENUE AND EXPENSE DATA FOR SOLDNER, INC ARE AS FOLLOWS;

SALES          2014    1,500,000       2013    1,450,000

COGS                        930,000                       812,000

SELLING EXP             210,000                       261,000

ADM EXP                  255,000                       232,000

INC TAX EXP              52,500                          72,500

PREPARE AN INCOME STATEMENT IN COMPARATIVE FORM, STATING EACH ITEM FOR BOTH 2014 AND 2013 AS A PERCENT OF SALES.  ROUND TO ONE DECIMAL.

 

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