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help me please The income statement comparison for Forklift Material Handling shows the income statement for the current and prior year. FORKLIFT MATERIAL HANDLING Income
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The income statement comparison for Forklift Material Handling shows the income statement for the current and prior year. FORKLIFT MATERIAL HANDLING Income statement Comparison Current Year Prior Year (Amounts in thousands) Sales $33,750 $24,800 Cost of goods sold 21,937.5 16,864 Gross profit $11,812.5 $7,936 Expenses: Wages $8,775 $6,187 Utilities 650 250 Repairs 168 325 Selling 505 300 Total Expenses $10,098 $7,062 Operating income > Operating Income 2 Total assets investment base) 34,400 $1,600 Return on investment > Residual income (8% cost of capital) > ? A. Determine the operating income (los) (dollars) for each year If required round final answers to two decimal places. Current Year Prior Year Operating income (loss) B. Determine the operating income (loss) (percentage) for each year. If required round final answers to two decimal places Current Year Prior Year Operating income (los) 90 96 A. Din the comedor Il regelreded new to two decadece Curret ved Price Year Destiny income On the operating producator round wwers to wwe deci Curl Year Prior Year Operations The man made a strategic livet og inte hade the company ground final as to the decimales rent Year Priores svet Ang lahat nur wo man inte Current Year PY ula Step by Step Solution
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