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I need help figuring out the Gross Profit Percentage. Preliminary Analytics - PBC Trial Balance December 31, 2019 Scope: Performance Materiality = $210,000 and 10%
I need help figuring out the Gross Profit Percentage.
Preliminary Analytics - PBC Trial Balance December 31, 2019 Scope: Performance Materiality = $210,000 and 10% 12/31/19 Balance 12/31/18 Balance Account Class Variance % Variance (931,393) 3,846,482 (631,355) (1,218,201) 427,347 322,900 2,780,678 (19,680) 184,564 649,786 873,950 Cash Investments Accounts Receivable Inventory Prepaids and Other Assets Fixed Assets Intangibles Current Portion of Debt Accounts Payable Accruals and Other Liabilities Long Term Debt Common Stock APIC AOCI Retained Earnings Revenues Cost of Goods Sold Other Income SG&A Depreciation Interest Expense Income Tax Expense 1,940,636 17,884,359 1,739,185 2,278,220 3,046,824 2,049,917 4,723,026 (873,950) (1,049,324) (1,805,961) (5,541,772) (1,000,000) (5,000,000) 681,275 (10,721,842) (38,567,154) 18,223,005 (1,324,646) 10,392,187 699,100 372,887 1,854,028 2,872,029 14,037,877 2,370,540 3,496,421 2,619,477 1,727,017 1,942,348 (854,270) (1,233,888) (2,455,747) (6,415,722) (1,000,000) (5,000,000) (1,384,240) (4,564,183) (37,995,152) 17,911,437 (1,684,417) 11,685,148 678,100 460,337 2,786,888 -32% 27% -27% -35% 16% 19% 143% 2% -15% -26% -14% 0% 0% -149% 135% 2% 2% -21% -11% 3% -19% -33% 2,065,515 (6,157,659) (572,002) 311,568 359,771 (1,292,961) 21,000 (87,450) (932,860) Total Assets 33,662,167 29,065,709 Total Libilities 9,271,007 10,959,627 Total Equity 24,391,160 18,106,082 Net Income 8,350,593 6,157,659 Gross Profit %Step by Step Solution
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