Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Safari 8:22 PM 62% ~ To edit and save, sign in with a subscription. Sign in % Increase or Decrease Padilla Bookstore Condensed Comparative Statement
Safari 8:22 PM 62% ~ To edit and save, sign in with a subscription. Sign in % Increase or Decrease Padilla Bookstore Condensed Comparative Statement of Financial Performance For the years ending Dec 2010 and Dec 2011 2010 2009 %Net Sales Php Increase Php Php 2010 or Decrease Gross Sales 1,500,000 1,100,000 (h) Cost of Goods Sold 850.000(e) (0) Gross Profit (a) 450,000 6) Operating Expenses 320.0000 (k) Net Operating Income (b) 250,000 1) Other Income 45,000 () (m) Other Expenses ) 9000 im Income before Taxes 365,000 276,000 (0) Income Taxes 30.000 28.000 Net Income (d) 248,000 (0) 3D%3D%3D%3D%3D%3D%3D%3D a) Compute all missing items identified with letters b) Compute column Php increase and decrease c) Compute column % increase or decrease d) Calculate Net Profit Margin e) Calculate Operating Expenses margin. = Safari 8:22 PM 62% ~ To edit and save, sign in with a subscription. Sign in % Increase or Decrease Padilla Bookstore Condensed Comparative Statement of Financial Performance For the years ending Dec 2010 and Dec 2011 2010 2009 %Net Sales Php Increase Php Php 2010 or Decrease Gross Sales 1,500,000 1,100,000 (h) Cost of Goods Sold 850.000(e) (0) Gross Profit (a) 450,000 6) Operating Expenses 320.0000 (k) Net Operating Income (b) 250,000 1) Other Income 45,000 () (m) Other Expenses ) 9000 im Income before Taxes 365,000 276,000 (0) Income Taxes 30.000 28.000 Net Income (d) 248,000 (0) 3D%3D%3D%3D%3D%3D%3D%3D a) Compute all missing items identified with letters b) Compute column Php increase and decrease c) Compute column % increase or decrease d) Calculate Net Profit Margin e) Calculate Operating Expenses margin. =
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started