Question
Table 4-1, Income Statement: January/February January February Total Revenues 46,062 44,759 Returns & Allowances 545 685 Net Sales 45,517 44,074 Cost of Goods Sold 13,841
Table 4-1, Income Statement: January/February
| January | February |
Total Revenues | 46,062 | 44,759 |
Returns & Allowances | 545 | 685 |
Net Sales | 45,517 | 44,074 |
Cost of Goods Sold | 13,841 | 11,583 |
Gross Profit | 31,676 | 32,491 |
Operating Expenses |
|
|
Officers Salary | 2,500 | 2,500 |
Salaries | 15,750 | 14,250 |
Payroll Taxes | 3,623 | 3,278 |
Rent | 2,000 | 2,000 |
Janitorial | 150 | 150 |
Utilities | 512 | 485 |
Depreciation | 500 | 500 |
Sales Taxes | 2,994 | 2,909 |
Total Operating Expenses | 28,029 | 26,072 |
Operating Profit/Loss | 3,647 | 6,419 |
Interest Expense | 150 | 150 |
Net Profit/Loss | 3,497 | 6,269 |
Refer to Table 4-1. Using horizontal analysis, payroll taxes ______ by approximately ______ percent.
Refer to Table 4-1. Using horizontal analysis, net profit ________ by approximately ______ percent.
Refer to Table 4-1. Using a vertical analysis of January data, cost of goods sold was approximately ___ percent.
Refer to Table 4-1. Using a vertical analysis of January data, cost of goods sold was approximately ___ percent.
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