FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I cannot figure out the percentage changes HORIZONTAL ANALYSIS ETHAN ALLEN INTERIORS, INC. DOLLAR PERCENTAGE INCOME STATEMENT 2020 2019 CHANGE CHANGE NET SALES 589,837 746,684

I cannot figure out the percentage changes

HORIZONTAL ANALYSIS
ETHAN ALLEN INTERIORS, INC. DOLLAR PERCENTAGE
INCOME STATEMENT 2020 2019 CHANGE CHANGE
NET SALES 589,837 746,684 (156,847)
COST OF SALES 266,705 337,193 (70,488)
GROSS PROFIT 323,132 409,491 (86,359)
SELLING, GEN & ADMIN EXPENSES 311,507 356,880 (34,373)
INCOME TAX EXPENSE 5,289 8,162 (2,873)
NET INCOME 8,900 25,698 (16,798)

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

College Accounting Chapters 1-30

College Accounting Chapters 1-30

Authors: John Price, M. David Haddock, Michael Farina

14th edition

978-1259284861, 1259284867, 77862392, 978-0077862398

More Books

Students also viewed these Accounting questions

Question

★★★★★
The following information has been extracted from the trial balance of M/s Randhir Transport Corporation. Adjustments 1. Closing stock for the year was Rs. 35,500. 2. Depreciation charged on plant...

Answered: 1 week ago

Question

★★★★★
1. Under a modified wage plan, Jim Phillips works and eight hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum...

Answered: 1 week ago

Question

★★★★★
=+4 Alma Ameries is concerned that the focus on annual ROI could have an adverse long-run effect on Gotcha Groups customers. What other measurements, if any, do you recommend that she use? Explain...

Answered: 1 week ago

Question

★★★★★
What elements of multimedia-based instruction facilitate learning?

Answered: 1 week ago

Question

★★★★★
The Kohler Chemical Manufacturing Company produces two primary chemical products to be used as base ingredients for a variety of products. The 2016 budget for the two products (in thousands) was as...

Answered: 1 week ago

Question

★★★★★
below the three code find the valid token and print their type in c++ (only one tokenizer code for three codes) 1- while(count Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
The figure below shows the market for game day t-shirts. If the price of t-shirts is $8, then Price (dollars per t-shirt) 13 12 11 10 8 7 D 0 50 100 150 200 250 300 350 Quantity (number of t-shirts)...

Answered: 1 week ago

Question

★★★★★
Systems Analyst role is difficult and challenging. In addition, you likely have a greater appreciation for the significant contributions these professionals make to the results of the organization...

Answered: 1 week ago

Question

★★★★★
Points: 25 Graduation Party Stakeholder Management Plan Stakeholder Management Graduation Project 1. Identify & Analyze Stakeholders: Drawing on the charter you created, create a stakeholder register...

Answered: 1 week ago

Question

★★★★★
FNSACC412 Prepare Operational Budgets You are the bookkeeper for Brad's Vegan Ice Creamery. The business has had a bumper year in terms of sales volumes, but there are concerns about the fall in...

Answered: 1 week ago

Question

★★★★★
You have inherited the project management of a system implementation. The implementation of a group project has been broken down into the following activities, whose durations and dependencies are as...

Answered: 1 week ago

Question

★★★★★
A sample of a reinsurer's payments made under a proportional reinsurance arrangement consists of the following values, in units of thousands of pounds: 4.5, 6.8, 22.9, 1.4, 3.8, 10.2, 19.4, 32.1 If...

Answered: 1 week ago

Question

★★★★★
Usted, CPA, trabaja en Spring & Bounce Chartered Professional Accountants (S&B) como consultor de gestin. S&B es una firma de CPA de tamao mediano. Es el 10 de diciembre de 2018 y el socio lo llam a...

Answered: 1 week ago

Question

★★★★★
The Strahler Stream Order System ranks streams based on the number of tributaries that have merged. It is a top-down system where rivers of the first order are the headwaters (aka outermost...

Answered: 1 week ago

Question

★★★★★
What can be done to motivate companies to evaluate training programs?

Answered: 1 week ago

Question

★★★★★
A group of managers (N = 25) participated in the problem-solving module of a leadership development program two weeks ago. The module consisted of two days in which the group focused on the correct...

Answered: 1 week ago

Question

★★★★★
How might you estimate the benefits of a training program designed to teach employees how to use the Internet to monitor stock prices?

Answered: 1 week ago

Previous Question Next Question