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Presented are the income statements of Clyton and Garner heavy equipment manufacturing companies for the current year: Clyton Garner Net sales revenue $487,000 100.00% $500,000
Presented are the income statements of Clyton and Garner heavy equipment manufacturing companies for the current year: Clyton Garner Net sales revenue $487,000 100.00% $500,000 100.00% COGS 400,700 82.28% 395,000 79.00% Gross Profit 86,300 17.72% 105,000 21.00% Selling/Gen Expenses 20,600 4.23% 50,000 10.00% Income from operations 65,700 13.49% 55,000 11.00% Income tax expense 17.100 3.51% 16,500 3.30% Net Income $48,600 9.98% $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 C. Gamer D. Clyton
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