Question 1
ABC Company
Comparative Income Statement for the Years Ended December 31,
	2000	2001
Net Sales	100000	50000
Cost of Sales	??????	??????
Gross Profit	??????	??????
Expenses:
Administrative Exp.	5000	7000
Selling Exp.	??????	??????
General Exp.	2000	1500
Total Expenses	??????	??????
Profit or Loss	??????	??????
The above table shows comparative income statement of ABC Company for the financial periods ended on December 31, of the years 2000 & 2001
Required:
Use equations or functions to calculate cost of goods sold (60% of sales), gross profit, selling expenses (5% of Cost of Sales), total expenses, profit or loss
, Change Rate of Profit, Gross Profit Margin, Rate of Return on Sales, Change Rate of Gross Profit and Change Rate of Sales.