Question 8 Chapter 13/14

Comparative Income Statements Consider the following income statement data from the Ross Company:

	2013	2012
Sales revenue	$525,000	$450,000
Cost of goods sold	336,000	279,000
Selling expenses	105,000	99,000
Administrative expenses	60,000	54,000
Income tax expense	7,800	5,400

Prepare a comparative income statement, showing increases and decreases in dollars and in percentages. (Round to one decimal point.)

ROSS COMPANY Comparative Income Statements
		2013		2012		Increase (Decrease)		Percent Change
Sales Revenue		$Answer		$Answer		$Answer		Answer %
Cost of Goods Sold		Answer		Answer		Answer		Answer %
Answer
Answer	Answer		Answer		Answer %
Answer

Selling Expenses	Answer	Answer	Answer	Answer %
Administrative Expenses	Answer	Answer	Answer	Answer %
Total	Answer	Answer	Answer	Answer %
Income before Income Taxes	Answer	Answer	Answer	Answer %
Answer

Answer	Answer	Answer	Answer %
Answer

$Answer

$Answer

$Answer

Answer %