1.1.2.13 + 14 15 6 August 2019 Income statement Analysis August 2020 HW#4 Net sales $90,000 $100,000 Expenses Payroll (24,000) COGS (26,000) Rent (8,000) Utilities (2,400) Marketing (12,000) Insurance (1,600) Supplies (1,000) Note (4,000) (28000) (26000) (8000) (2400) (10000) (1600) (1000) (4000) I Net Income=net sales - expenses Net Income %= net income/ revenue 1. August 2019 net Income 2. August 2019 net income %= 3. Did productivity increase in 2020? Why? 4. What expenses are variable? Fixed? August 2020 net income= August 2020 net income %= Utilities (2,400) Marketing (12,000) Insurance (1,600) Supplies (1,000) Note (4,000) (2400) (10000) (1600) (1000) (4000) I Net Incomer net sales - expenses Net Income %= net income/ revenue August 2020 net income= August 2020 net income %= 1. August 2019 net Income= 2. August 2019 net income %= 3. Did productivity increase in 2020? Why? 4. What expenses are variable? Fixed? 5. What is the payroll ratio in August 2020? 6. What is the rent ratio in 2019