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WRITE ANSWERS IN FORMULA PLEASE! The comparative income statements of Mariane Rishmawi Company follow. Calculate trend percents for all components of the income statements using
WRITE ANSWERS IN FORMULA PLEASE!
The comparative income statements of Mariane Rishmawi Company follow. Calculate trend percents for all components of the income statements using 2019 as the base year. Each formula must include the ROUND function, rounding all percents to 2 decimal places. XXX.XX%) Mariane Rishmawi Company Comparative Income Statements For Years Ended December 31, 2023-2019 2021 2023 2022 2020 2019 Sales Cost of goods sold Gross profit Operating expenses Net income $63,000 37,000 26,000 15,000 $11,000 $57,000 $53,000 28,000 25,000 $45,000 27,000 $39,000 25,000 14,000 9,000 $5,000 35,000 22,000 18,000 14,000 $8,000 13,000 11,000 $7,000 $12,000 2019 2021 2020 2023 2022 Sales Cost of goods sold Gross profit Operating expenses Net income For Years Ended December 31, 2023-2019 8 2023 2022 2021 2020 2019 $21,000 $24,000 53,000 159,000 $26,000 57,000 $22,000 48,000 144,000 180,000 $394,000 $19,000 42,000 126,000 Cash 10 Accounts receivable, net Merchandise inventory 46,000 11 138,000 171,000 12 Plant assets, net 173,000 199,000 214,000 $468,000 158,000 13 $378,000 $435,000 $345,000 Total assets 14 15 $51,000 41,000 $58,000 46,000 64,000 $63,000 50,000 70,000 $53,000 42,000 59,000 240,000 $394,000 $46,000 37,000 52,000 210,000 $345,000 Current liabilities 16 Long-term liabilities 17 Common stock 57,000 18 Retained earnings Total liabilities and equity 229,000 $378,000 267,000 $435,000 285,000 19 $468,000 20 21 22 23 24 2020 2023 2022 2021 2019 25 Cash 26 Accounts receivable, net 27 Merchandise inventory Plant assets, net 28 29 Total assets 30 31 Current liabilities 32 Long-term liabilities Common stock Retained earnings Total liabilities and equity 33 34 35 36 37 38 39 40 41 42 43 44 AC
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