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Presented are the income statements of Clyton and Garner heavy equipment manufacturing companies for the current year. Net sales revenue COGS Gross Profit Selling/Gen Expenses
Presented are the income statements of Clyton and Garner heavy equipment manufacturing companies for the current year. Net sales revenue COGS Gross Profit Selling/Gen Expenses Income from operations Income tax expense Net Income Clyton $487,000 100.00% Garner $500,000 100.00% 400,100 82.16% 395,000 79.00% 86,900 17.84% 105,000 21.00% 20,000 4.11% 50,000 10.00% 66,900 13.74% 55,000 11.00% 17.100 3.51% 16,500 3.30% $49,800 10.23% $38,500 7.70% Which company has the better relationship percentage-wise between selling and general expenses compared to net sales revenue? A. Impossible to determine B. Both have the same relationship OC. Gamer OD. Clyton
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