Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 14 of 15 (9 complete) 14.3-13 Presented are the

image text in transcribed
Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 14 of 15 (9 complete) 14.3-13 Presented are the income statements of Blackout and Pinecone heavy equipment manufacturing companies for the current year Blackout Pinecone Net sales revenue $487,000 100.00% $500,000 100.00% COGS 400.100 82.16% 395.000 79.00% Gross Profit 86.900 17.84% 105,000 21.00% Selling/Gen Expenses 20.000 4.11% 50.000 10.00% Income from operations 66.900 13.74% 55,000 11.00% Income tax expense 17.100 3.51% 16.500 3.30% Net Income $49,800 10.23% $38.500 7.70% Which company has the better relationship percentage - wise between selling and general expenses compared to net sales revenue? O A. Blackout OB. Both have the same relationship c. Pinecone OD. Impossible to determine

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions