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Part A) The Equity Ratio for 2017 is: A.18.90% B.81.10% C.23.30% Part B) The Profit Margin for 2017 is: A.14.60% B.1.62% C.1003.83% Part C) The
Part A) The Equity Ratio for 2017 is:
A.18.90%
B.81.10%
C.23.30%
Part B) The Profit Margin for 2017 is:
A.14.60%
B.1.62%
C.1003.83%
Part C) The Return on Assets for 2017 is:
A.3.83%
B.14.60%
C.45.42%
Horizontal Analysis Capital City Carpet Cleaning Comparative Income Statement For the Years Ended June 30, 2017 and June 30, 2016 Dollar Change Percent 2017 2016 Change Revenue: Service Revenue $ 108,500.00 $88,400.00 Expenses: Wages Expense Advertising Expense Repairs & Maint-Equipment Exp Vehicle Expense Telephone Expense Office Supplies Expense Job and Materials Expense Depreciation Expense Van Depreciation Exp.-Equip. 61,500.00 59,100.00 9,370.00 2,250.00 3,690.00 1,600.00 500.00 4,020.00 4,780.00 1,655.00 11,350.00 1,400.00 4,370.00 1,740.00 625.00 4,925.00 4,930.00 1,820.00 Total Expenses $ 92,660.00 $ 86,965.00 1,435.00 Net Income 15,840.00
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