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For 2 0 1 3 , Greyhound Technology Company reported its most significant decline in net income in yearsAt the end of the year, Duane
For Greyhound Technology Company reported its most significant decline in net income in yearsAt the end of the year, Duane Vogel, the president, is presented with the following condensed comparative income statement: GREYHOUND TECHNOLOGY COMPANY Comparative Income Statement For the Years Ended December and Sales $ Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue Income before income tax $ Income tax expense Net income Instructions for the two year period, using as the base year. Enter decreases as negative amounts and
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