Question
Download the spreadsheet for this problem. 2018 2019 2020 2021 Sales $589,500 $613,500 $625,000 $666,666 Sales returns 20,000 22,000 24,000 26,000 Net Sales 569,500 591,500
Download the spreadsheet for this problem.
2018 2019 2020 2021
Sales $589,500 $613,500 $625,000 $666,666
Sales returns 20,000 22,000 24,000 26,000
Net Sales 569,500 591,500 601,000 640,666
Cost of Goods Sold 300,000 325,000 350,000 390,000
Gross Margin 269,500 266,500 251,000 250,666
Operating Expenses 120,000 125,000 128,000 135,000
Interest Expense 15,000 15,000 15,000 15,000
Income Before Tax $134,500 126,500 108,000 100,666
Format the data to display sales and income before tax as currency, with no decimals.
Format the rest of the data to display commas for the thousands, with no decimals.
Create a column (or bar chart, whichever you prefer) that shows the trend in sales and net sales.
Create four pie charts, one for each year, to show the relative size of sales returns, cost of goods sold, operating expenses, interest expense, and income before tax expressed as percentages of total sales.
Step by Step Solution
3.48 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
Value 1400000 1200000 1000000 800000 600000 400000 200000 0 2018 3 20 Sales returns Inter...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