Barksdale Income Barksdale Expenses Account 250K 240,000 200K Wages Expense 70,000 150K 100K Cost of Goods Sold 120,000 50K Transportation-out 5,000 Income Tax Expense 10,000 8,000 OK Net Sales Gain on Sale of Land Common Size Metrics Common Size Metrics Company 0.6 0.4 Percentage 0.2 0.0 - 0.08 0.06 0.04 0.02 0.00 Abbington Inc. Barksdale Corporation Brooks Inc. Lemmings Inc. Stockton Co. tableau K 1 K 1 1. Construct a multi-step income statement using the data provided. 2. If a customer returned merchandise inventory with a sales price of $500 and cost to the company of $200, which of the following appropriately describes the impact that this transaction would have on the income statement? 3. the managers of Barksdale Corporation are interested in examining controllable operating expenses, should income tax expense be included in the same pie chart as the other expenses provided? 4. The gross margin percentage is incomplete for Barksdale Corporation in the provided Tableau Dashboard. What should the gross margin percentage be for Barksdale Corporation? 5. Which company performed the best based on the return on sales ratio? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Reg 3 Reg 4 Req 5 Construct a multi-step income statement using the data provided. Barksdale Corporation Income Statement $ 240,000 (120,000) Less Operating Expenses: Req 1 Req 2 Req3 Req 4 Reg 5 Construct a multi-step income statement using the data provided. Barksdale Corporation Income Statement $ 240,000 (120,000) Less Operating Expenses: Total Operating Expenses $ 0 Non-operating Items: $ 0 Total Non-operating items Income Before Income Taxes 0 Req 1 Req 2 > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req3 Req 4 Reg 5 If a customer returned merchandise inventory with a sales price of $500 and cost to the company of $200, which of the following appropriately describes the impact that this transaction would have on the income statement? Net income will increase by $300 Net income will decrease by $300 Net income will increase by $500 Net income will decrease by $500 Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4 Req 5 If the managers of Barksdale Corporation are interested in examining controllable operating expenses, should income tax expense be included in the same pie chart as the other expenses provided? OYes, income tax expense should be included ONo, income tax expense should not be included Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req3 Req 4 Req 5 The gross margin percentage is incomplete for Barksdale Corporation in the provided Tableau Dashboard. What should the gross margin percentage be for Barksdale Corporation? 50% 25% 75% 45% Complete this question by entering your answers in the tabs below. Req 1 Req 2 Reg 3 Req 4 Req 5 Which company performed the best based on the return on sales ratio? Brooks Inc. Stockton Co. O Lemmings Inc. ONone of these companies represent the top performer
