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4.00 points E13-4 Computing Profitability Ratios [LO 13-4, 13-5 According to the producer price index database maintained by the Bureau of Labor Statistics, the average
4.00 points E13-4 Computing Profitability Ratios [LO 13-4, 13-5 According to the producer price index database maintained by the Bureau of Labor Statistics, the average coet of computer equipment fell 4.8 percent between 2012 and 2013. Let's see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2013 2013 $10G,000 $129,000 2012 Sales Revenue Cost of Goods Sold 43,000 36,600 Selling, General, and Administrative Expenses Interest Expense Incomo boforo Incomo Tax Exponso Income Tax Expenso Net Income 38.200 5,840 6,395 $ 4,340 10,795
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