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Please create a Trend Analysis of Income Statement Data: (One paragraph should be sufficient out of this data) Trend Analysis of Income Statement Data 2012-2013
Please create a Trend Analysis of Income Statement Data: (One paragraph should be sufficient out of this data)
| Trend Analysis of Income Statement Data | |||||
| 2012-2013 | 2013-2014 | Difference between 2013-2014 and 2012-2013 | 2014-2015 | Difference between 2014-2015 and 2013-2014 | |
| Sales | |||||
| Cash | 10.00% | 10.00% | 0.00% | 10.00% | 0.00% |
| Credit | 90.00% | 90.00% | 0.00% | 90.00% | 0.00% |
| Total Sales | 100.00% | 100.00% | 0.00% | 100.00% | 0.00% |
| Cost of goods of sold | 62.00% | 59.00% | -3.00% | 60.00% | 1.00% |
| Gross Profit | 38.00% | 41.00% | 3.00% | 40.00% | -1.00% |
| Expenses | |||||
| General, adminstration, and selling expenses | 4.00% | 9.40% | 5.40% | 12.50% | 3.10% |
| Depreciation | 5.00% | 8.30% | 3.30% | 8.30% | -0.10% |
| Interest expense (on borrowings) | 3.00% | 3.30% | 0.30% | 4.30% | 1.00% |
| Profit before tax | 26.00% | 20.00% | -6.00% | 15.00% | -5.00% |
| Tax @ 30% | 7.80% | 6.00% | -1.80% | 4.50% | -1.50% |
| Net Income | 18.20% | 14.00% | -4.20% | 10.50% | -3.50% |
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Principles Of Accounting 2
Authors: OpenStax
1st Edition
0357366808, 9780357366806
