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If someone would be so kind as to help me, that would be amazing!! Thank you! Common-size statement analysis A common-size income statement for Creek
If someone would be so kind as to help me, that would be amazing!! Thank you!
Common-size statement analysis A common-size income statement for Creek Enterprises 2018 operations follows Using the firm's 2019 income statement develop the 2019 common-size income statement and compare it to the 2018statement. Which areas require further analysis and investigation? Sales revenue Less Cost of goods sold Cross profes Less Operating expe Common-Size Income Statement for the Years Ended December 31, 2018 and December 2019 2019 Seling expense General and administrative expenses Lase expense Depreciation expense Total operating expense Operating profits % The 64 03 36 2018 100.0% 65.9 34.1% 22.7 Les Interest expense Not profits before taxes Loss Tax (rate-21%) Net profits after tavs Less Pretened lock dividends Eamings available for common stockholders ****** Data table SICER LIRerpnaca Comic StatCHICTIC TOT UIC Teal Lucu DecemIUCI JT, ZUTU Sales revenue ($34,975,000) Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate=21%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders Print Done 12.4% 6.4 0.3 3.6 100.0 % 65.9 34.1 % 22.7 11.4 % 1.8 9.6 % 2.0 062 7.6% 0.2 7.4% . X - dev Data table into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate=21%) Net profits after taxes Print $3,022,000 1,843,000 159,000 989,000 Done $29,978,000 20,985,000 $8,993,000 6,013,000 $2,980,000 961,000 $2,019,000 423,990 $1,595,010 n - X 4 Step by Step Solution
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