Common-alze statement analysis A common-size income statement for Creek Enterprises 2014 operations follows Using the firm's 2013 common-size income statement and compare it to the 2014 statement. Which areas require further analysis and investigation? Selling expense % 12.3 % General and administrative expenses 6.5 Lease expense 0.7 Depreciation expense 3.8 Total operating expense 23.1 Operating profits 11.1 % Less: Interest expense 1.0 Net profits before taxes % 10.1 % Less: Taxes (rate = 40%) 4.0 Net profits after taxes % Loss Preferred stock dividends 5,9 % Earings available for common stockholders % 0.2 Enter any number in the edit fields and then click Check Answer, Clear All 1 Part remaining Common-alze statement analysis A common-size income statement for Creek Enterprises 2014 operations follows Using the firm's 2013 common-size income statement and compare it to the 2014 statement. Which areas require further analysis and investigation? Selling expense % 12.3 % General and administrative expenses 6.5 Lease expense 0.7 Depreciation expense 3.8 Total operating expense 23.1 Operating profits 11.1 % Less: Interest expense 1.0 Net profits before taxes % 10.1 % Less: Taxes (rate = 40%) 4.0 Net profits after taxes % Loss Preferred stock dividends 5,9 % Earings available for common stockholders % 0.2 Enter any number in the edit fields and then click Check Answer, Clear All 1 Part remaining Ques Data Table tatement analysis Aco some statement and como e statement develop ministrative expenses ponne expenso pense re taxon to = 40%) taxes stock dividends (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2014 Sales revenue (534,995,000) 100.0 % Less: Cont of goods sold 65.8 Gross profits 34.2% Less: Operating expenses Selling expense 12.3 % General and administrative expenses 6.5 Lease expense 0.7 Depreciation expense 3.6 Total operating expense 23.1 Operating profits 11.1 % Less: Interest expense 1,0 Net profits before taxes 10.1 % 4.0 Less: Taxes (rate=40%) Net profits after taxes 8.1 % ble for common stockholde ber in the edit fields and t Print Done Check A Hie ent analysis atement and Co tatement et deve tive expenses (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2015 Sales revenue $29,954,000 Less: Cost of goods sold 20,961,000 Gross profits $8,993,000 Less: Operating expenses Selling expense $2,972,000 General and administrative expenses 1,837,000 Lease expense 242,000 Depreciation expense 998,000 Total operating expense 6,049,000 Operating profits $2.944,000 Less: Interest expense 994,000 Net profits before taxes $1,950,000 Less: Taxes (rate=40%) 780,000 Net profits after taxes $1,170,000 >) ividends ommon stockho edit fields ar Print Done Check And
