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c. Analysis of Financial Performance 12/31/20X7 12/31/20X6 Amount Amount Difference % Increase/ (Decrease) Sales 600,000 500,000 100,000 20.00 COGS (387,000) (275,000) (112,000) 40.73 GP 213,000
| c. Analysis of Financial Performance | ||||
| 12/31/20X7 | 12/31/20X6 | |||
| Amount | Amount | Difference | % Increase/ (Decrease) | |
| Sales | 600,000 | 500,000 | 100,000 | 20.00 |
| COGS | (387,000) | (275,000) | (112,000) | 40.73 |
| GP | 213,000 | 225,000 | (12,000) | (5.33) |
| Opex | (180,000) | (175,000) | (5,000) | 2.86 |
| Operating Income | 33,000 | 50,000 | (17,000) | (34.00) |
| - | ||||
| Interest | (10,000) | (10,000) | - | - |
| Income Tax | (5,000) | (10,000) | 5,000 | (50.00) |
| Net income | 18,000 | 30,000 | (12,000) | (40.00) |
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
978-0471737933
