Question
Company Okay is concerned about the level of its advertising and sales team salaries expense. Selected income statement data (in hundreds) from 2020 to 2021
Company Okay is concerned about the level of its advertising and sales team salaries expense. | ||
Selected income statement data (in hundreds) from 2020 to 2021 appear below | ||
2021 | 2020 | |
Sales | 140,000.00 | 80,000.00 |
Cost of Goods Sold | 50,400.00 | 34,000.00 |
Gross Profit | 89,600.00 | 46,000.00 |
Advertising Expense | 7,000.00 | 3,300.00 |
Sales Team Salaries Expense | 22,400.00 | 9,000.00 |
Other expenses | 33,200.00 | 17,000.00 |
Net Income | 27,000.00 | 16,700.00 |
Calculate the trend percentage for sales, cost of goods sold, gross profit, advertising expense, sales team salaries expense, other expenses, and net income. Pay particular attention to the increase in advertising expense and sales team salaries expense in comparison to the increase in sales. | ||
Use 2020 as the base year. Round to the nearest percent. |
How much is the percentage increase (decrease) in sales? (No need to include the percentage sign; if your answer is 10%, simply enter 10.)
How much is the percentage increase (decrease) in cost of goods sold? (No need to include the percentage sign; if your answer is 10%, simply enter 10.)
How much is the percentage increase (decrease) in gross profit? (No need to include the percentage sign; if your answer is 10%, simply enter 10.)
How much is the percentage increase (decrease) in advertising expense? (No need to include the percentage sign; if your answer is 10%, simply enter 10.)
How much is the percentage increase (decrease) in sales team salaries expense? (No need to include the percentage sign; if your answer is 10%, simply enter 10.)
How much is the percentage increase (decrease) in other expenses? (No need to include the percentage sign; if your answer is 10%, simply enter 10.)
How much is the percentage increase (decrease) in net income? (No need to include the percentage sign; if your answer is 10%, simply enter 10.)
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