The income statements for Federer Sports Apparel for 2019 and 2018 are presented
ID: 2414666 • Letter: T
Question
The income statements for Federer Sports Apparel for 2019 and 2018 are presented below. Required: Prepare a vertical analysis of the data for 2019 and 2018. (Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2019 2018 Amount Amount 15,500,000 7,000,000 8,500,000 1,200,000 1,000,000 Net sales 18,800,000 13,200,000 5,600,000 1,600,000 1,000,000 200,000 1,500,000 Income before1,300,000 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write- down Loss (litigation) 1 0 300,000 6,000,000 Hints References eBook & Resources Hint #1 Check my workExplanation / Answer
Answer
federer sports apparel
income statement for the years ended december 31
2019 2019 2018 2018 particulars amount % amount % Net sales 18800000 100 15500000 100 cost of goods sold 13200000 70.2 7000000 45.2 gross profit 5600000 29.8 8500000 54.8 operating expenses 1600000 8.5 1200000 7.7 depreciation expense 1000000 5.3 1000000 6..5 inventory writedown 200000 1.1 0 0.0 loss (litigation ) 1500000 8.0 300000 1.9 income before tax 1300000 6.9 6000000 38.7Related Questions
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