Select income statement data for Bukasy Company for two recent year ended December 31 are as follow:
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Question:
Select income statement data for Bukasy Company for two recent year ended December 31 are as follow:
| 20Y2 | 20Y1 |
Sales | $2,200,000 | $200,000 |
Cost of goods sold | 1,337,500 | 1,250,000 |
Gross profit | $862,500 | $750,000 |
Selling. General, and administrative expenses | 440,000 | 400,000 |
Income from operations | $422,500 | $350,000 |
Prepare horizontal and vertical analyses of Bukasy’s income statement. (Round percentages to one decimal places)
Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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