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Sunland Manufacturing has provided the following comparative income statements for 2021 and 2022. Net sales Cost of goods sold Gross profit Selling and administrative expenses Depreciation Operating profit Income taxes Net income 2021 $199.000 87,000 112,000 45,000 25,000 42,000 8,500 $33,500 2022 $205,000 93,275 111,725 53,997 27,060 30,668 7.175 $23,493 Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, eg. 50.10%

Sunland Manufacturing has provided the following comparative income statements for 2021 and 2022. Net sales Cost of goods sold Gross profit Selling and administrative expenses Depreciation Operating profit Income taxes Net income 2021 $199.000 87,000 112,000 45,000 25,000 42,000 8,500 $33,500 2022 $205,000 93,275 111,725 53,997 27,060 30,668 7.175 $23,493 Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, eg. 50.10%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Sunland Manufacturing has provided the following comparative income statements for 2021 and 2022. Net sales Cost of goods sold Gross profit Selling and administrative expenses Depreciation Operating profit Income taxes Net income 2021 $199.000 87,000 112,000 45,000 25,000 42,000 8,500 $33,500 2022 $205,000 93,275 111,725 53,997 27,060 30,668 7.175 $23,493 Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, eg. 50.10%
Transcribed Image Text:Sunland Manufacturing has provided the following comparative income statements for 2021 and 2022. Net sales Cost of goods sold Gross profit Selling and administrative expenses Depreciation Operating profit Income taxes Net income 2021 $199.000 87,000 112,000 45,000 25,000 42,000 8,500 $33,500 2022 $205,000 93,275 111,725 53,997 27,060 30,668 7.175 $23,493 Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, eg. 50.10%
Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, e.g. 50.10%) Net sales Cost of goods sold Gross margin Selling and administrative expenses Depreciation Operating profit Income taxes Net income. 2022 Common-size % % % %
Transcribed Image Text:Prepare a common-size analysis of Sunland's income statement for 2022. (Round percentage answers to 2 decimal places, e.g. 50.10%) Net sales Cost of goods sold Gross margin Selling and administrative expenses Depreciation Operating profit Income taxes Net income. 2022 Common-size % % % %
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