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The 2021 income statement of Adrian Express reports sales of $23,310,000, cost of goods sold of $13,250,000, and net income of $2,500,000. Balance sheet information
The 2021 income statement of Adrian Express reports sales of $23,310,000, cost of goods sold of $13,250,000, and net income of $2,500,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 1,100,000 $ 1,060,000 Accounts receivable 2,100,000 1,400,000 Inventory
2. Do you think the company is more profitable or less profitable than the industry average? multiple choice
More profitable
Less profitable
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