WileyPLUS Kine lel. Aocousting, 6e txercise 13-8 Here are the cemperatise incame

Question

WileyPLUS Kine lel. Aocousting, 6e txercise 13-8 Here are the cemperatise incame statements of Ayevai Corp.. C202-Chapter 13 am2an 521,00 Croas Preft 111,500 47,200 Review Score Propam ? herirontal analysis of the income ctaton en: data for hrayai Crp, using 2016 as a base. ? amount a d po centage are a docrease show the numbers as negative, e s ooo, 20% or ss,000), 20%). Round pa centages to i decinal place, e g g 2.19. 2017 016 AontPercentage $632.600 $521,000 Cost of geoes sod3, 10,400 80ss Proft Operating expes 9,J00 47.200 Wet Income Click if you would like to Sthow Work for this question: Opan Shaw Werk 69,O 111.500 89,700 64,300 Aebempts:3 of 3 used PreNre ? vertical analysis of the nerne stanemere-a for Ayay Corp. for toth years. (Round pereenteges to 1 deeiesal pleee, e.g. 12.1%.)

Explanation / Answer

Req a: Comparative Income Statement Increase/Decrease 2017 2016 Amount % Sales 632600 521900 110700 21.21% Less: Cost of Goods ssold 463600 410400 53200 12.96% Gross Margin 169000 111500 57500 51.57% Less: Operating expense 79300 47200 32100 68.01% Net income 89700 64300 25400 39.50% Req b: Condensed Income Statement 2017 % 2016 % Sales 632600 100.00% 521900 100.00% Less: Cost of Goods ssold 463600 73.28% 410400 78.64% Gross Margin 169000 26.72% 111500 21.36% Less: Operating expense 79300 12.54% 47200 9.04% Net income 89700 14.18% 64300 12.32%

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