Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Amount Percentage $1,390 27 86% 1220 55 45% 170 6.09% 140 24.14% MacMan, Inc reported the following data: 2019 2018 Revenues $6,380 $4.990 Cost of
Amount Percentage $1,390 27 86% 1220 55 45% 170 6.09% 140 24.14% MacMan, Inc reported the following data: 2019 2018 Revenues $6,380 $4.990 Cost of goods sold 3.420 2,200 Gross profit 2,960 2,790 Operating expenses Sales and marketing expense 720 580 General and administrative expenses 470 465 Research and development expense 480 450 Other expense 410 730 Total operating expenses 2,080 2,225 Income before income tax 880 565 Income tax expense 260 210 Net income (loss) $620 $355 The horizontal analysis shows that cost of goods sold has 5 1.08% 30 6.67% (320) (4384)% (145) (6.52)% 315 55.75% $50 23.81% $265 74 65% (Round your answer to two decimal places) A. Increased by 55 45% OB. increased by 27 86% C. decreased by 27.86% OD. decreased by 56,45%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started