Revenue and expense data for Tribal Technologies Co. are as follows: 2018 2017 $665,000 $579,000 372,400 277,920 119,700 121,590 126,350 138,960 26,600 17,370 Sales Cost of goods sold Selling expenses Administrative expenses Income tax expense a. Prepare an income statement in comparative form, stating each item for both 20v8 and 2017 as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as a positive number. Tribal Technologies Co. Comparative Income Statement For the Year Ended December 31, 2018 and 2017 Gross profit Total operating expenses Net income 2018 Amount 2018 Percent 2017 Amount 2017 Percent

Revenue and expense data for Tribal Technologies Co. are as follows: 2018 2017 $665,000 $579,000 372,400 277,920 119,700 121,590 126,350 138,960 26,600 17,370 Sales Cost of goods sold Selling expenses Administrative expenses Income tax expense a. Prepare an income statement in comparative form, stating each item for both 20v8 and 2017 as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as a positive number. Tribal Technologies Co. Comparative Income Statement For the Year Ended December 31, 2018 and 2017 Gross profit Total operating expenses Net income 2018 Amount 2018 Percent 2017 Amount 2017 Percent

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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