Question
Required a. Compute the percentage changes in Jordan Corporation's income statement components between the two years. Note: Negative amounts should be indicated by a
Required a. Compute the percentage changes in Jordan Corporation's income statement components between the two years. Note: Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). JORDAN CORPORATION Income Statements Year 3 Year 2 Percentage Change Sales Cost of goods sold Gross margin Operating expenses Income before taxes. $ 1,298,000 $ 1,001,000 29.7 % 798,270 600,600 499,730 400,400 301,000 195,500 198,730 204,900 Income taxes 61,600 52,400 Net income (loss) $ 137,130 $ 152,500 %
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