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Using the financial information for Zackby's Inc., what is the missing amount (X) for the common-size financial statement analysis for 2021? Income Statements 2021 Common
Using the financial information for Zackby's Inc., what is the missing amount (X) for the common-size financial statement analysis for 2021? Income Statements 2021 Common Amount Size % 2020 For Years ending Dec. 31, Common Size % Trend % Difference Sales revenue $100,000 (x) $100,000 Other revenue 6,000 10,000 Total revenue $106,000 $110,000 Cost of Goods Sold ( (Y). -65.1 -49.1 Gross Profit 34.9 50.9 Operating Expenses (21,000) (25,000) (Z) Interest Revenue 1,000 1,500 Interest Expense (3,000) (2.500) Income before Income Taxes $14,000 $30,000 Income Tax Expense (2,800) (7.500) Net Income $11,200 $22,500 Group of answer choices O a. Cannot be determined O b. 100% O c. 94.3% . O d. O Using the financial information for Zackby's Inc,, what is the missing amount (Y) for the 2021 Cost of Goods Sold? Income Statements Common Common 2021 Size Amount 2020 Difference Size Trend % For Years ending Dec. 31, % % Sales revenue $100,000 (X) $100,000 Other revenue 6,000 10,000 Total revenue $106,000 $110,000 Cost of Goods Sold (Y) -65.1 -49.1 Gross Profit 34.9 50.9 Operating Expenses (21,000) (25,000) (Z) Interest Revenue 1,000 1,500 Interest Expense (3,000) (2.500) ! Income before Income Taxes $14,000 $30,000 Income Tax Expense (2,800) (7.500) Net Income $11,200 $22.500 Group of answer choices O a. $90,000 O b. $65,072 O c. $65,100 O d. $69,000 Using the financial information for Zackby's Inc,, what is the missing trend percentage (Z) for the horizontal financial statement analysis? Income Statements Common Amount Size Common Size 2021 2020 Trend % For Years ending Dec. 31. Difference % % Sales revenue $100,000 (X) $100,000 Other revenue 6,000 10,000 Total revenue $106,000 $110,000 Cost of Goods Sold () (Y) -65.1 -49.1 Gross Profit 34.9 50.9 Operating Expenses (21,000) (25,000) (Z) Interest Revenue 1,000 1,500 Interest Expense (3.000) (2,500) - Income before Income Taxes $14,000 $30,000 Income Tax Expense (2,800) (7.500) Net Income $11,200 $22.500 Group of answer choices O a. (4.0) O b. (16) O c. (3.6) O d. (4,000)
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