Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help solving please *Exercise 14-4 Operating data for Joshua Corporation are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income

need help solving please

image text in transcribed
*Exercise 14-4 Operating data for Joshua Corporation are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.) Sales revenue Cost of goods sold Gross pro t Selling expenses Administrative expenses Total operating expenses Income before income taxes Income taxes expense Net income 2020 $753,000 466,107 123,492 57,228 30,120 76,053 .IOSI I [A CORPORATION ('undrnsrtl Income Statements For the Years Ended December 31 2019 $597,000 386,259 68,655 51,939 22,686 67,461 % Amount Percent Amount Percent $753,000 % $597,000 % 466,107 % 386,259 % 286,893 % 210,741 % 123,492 % 68,655 % 57,228 % 5 1,939 % 180,720 % 120,594 % 106,173 % 90,147 % 30,120 % 22,686 % $76,053 $67,461 %

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

Recommended Textbook for

Financial & Managerial Accounting

Authors: Carl Warren

12th Edition

1285534646, 978-1133952428

More Books

Students also viewed these Accounting questions

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago