#4 help please

ANCIAL STATEMENTS AND RATIOS 4. ELLISSEAFOODRESTAURANT Industry Percent Percent from Table 18.1 Net sales $600,000 100.0% Cost of goods sold 280,000 Gross profit 320,000 Renal 15,000 Advertising Total expenses 255,000 Net income before taxes Complete percent. comparative income statement. Round percents to the nea the following 5. BEST TIRES INC. CoMPARATIVE INCoME STATEMENT This Year Last Year Amount Percent Amount Gross sales $1,856,000 $1,692,000 12,000 100.0% 100.0% Cost of goods sold 1.202.000 1,050,000 Gross profit 152,000 Advertising 122,000 17,000 Taxes on inventory, payroll 18,000 Miscellaneous expenses 62,000 58,000 Total expenses 456,000 441,000 Net income Complete the following horizontal analysis for Best Tires Inc. comparative income statement given above. Round percents to the nearest tenth parenthe ses to show that a of a percent. Use number is negative. 6. BEST TIRES INC. COMPARATIVE INCOME STATEMENT Increase (Decrease) This Year Amount Percent Last Year $1,856,000 $1,692,000 Returns