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For each line item indicate if Taco Ball is doing better, worse, or the same in 2021 relative to 2020. See suggested format below Taco
For each line item indicate if Taco Ball is doing better, worse, or the same in 2021 relative to 2020. See suggested format below
Taco Ball - Income Statements ($000s) | |||||||
2020 | 2021 | Evaluation | |||||
Sales | $ 57,000.00 | 100% | $ 63,000.00 | 100% | - | ||
Cost of goods sold | $ 36,000.00 | 63.16% | $ 39,000.00 | 61.90% | |||
Selling expense | $ 6,600.00 | 11.58% | $ 7,500.00 | 11.90% | |||
Administrative expense | $ 2,300.00 | 4.04% | $ 2,700.00 | 4.29% | |||
Depreciation | $ 2,850.00 | 5.00% | $ 3,150.00 | 5.00% | |||
Earnings before interest and taxes | $ 9,250.00 | 16.23% | $ 10,650.00 | 16.90% | |||
Interest expense | $ 1,310.00 | 2.30% | $ 1,340.00 | 2.13% | |||
Taxable income | $ 7,940.00 | 13.93% | $ 9,310.00 | 14.78% | |||
Taxes (34%) | $ 2,700.00 | 4.74% | $ 3,165.00 | 5.02% | |||
Net income | $ 5,240.00 | 9.19% | $ 6,145.00 | 9.75% |
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