Question
_ Compute the component percentages for Big Top. Round answers to two decimal places. Income Statement December 31, 2012 Revenue: Sales: $9,450.00 100% Less: Sales
_ Compute the component percentages for Big Top. Round answers to two decimal places. Income Statement December 31, 2012 Revenue: Sales: $9,450.00 100% Less: Sales returns and allowances $673.41 % Net Sales: $8,776.59 % Cost of Goods sold: $4,395.00 % Gross Margin: $4,381.59 % Operating Expenses: % Advertising: $604.00 % Delivery: $550.00 % Depreciation: $859.00 % Insurance: $16.00 % Office Supplies: $36.00 % Telephone: $520.00 % Utilities: $36.00 % Total Expenses: $2,621.00 % Net Income before taxes: Federal Income Tax: Net Profit after taxes: $1,760.59 $528.18 $1,232.41 % % %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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