- x * CengageNowa Chingy titucty | counties C o v2.cengagenow.com/ilrn/takeAssig

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- x * CengageNowa Chingy titucty | counties C o v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&ltakeAssignmentSessionLocator;=assignment-take&inprogress;=false HOMEWORK 15 I eBook ( Show Me How O Calculator E Print item Tannenhill Company 54,720,000.00 2,454,400.00 $2,265,600.00 Electronics Industry Average 100.0% 57.0 2 Sales 43.0% 23.5% Cost of goods sold 4 Gross profit Selling expenses 6 Administrative expenses Total operating expenses Income from operations Other income $1.250.800.00 708,000.00 13.0 36.5% 6.5% 2.2 $1,958,800.00 $306,800.00 274,800.00 $581.600.00 62,000.00 $519,600.00 72.000.00 8.7% 1.3 11 Other expense 12 Income before income tax 13 Income tax expense 74% 15 14 Net income $447,600.00 5.9% Check My Work O Type here to search Do 9 e a - b + 11/17/2017 2 2:58 PM

Explanation / Answer

Tannhill Company Tannhill Company Electornic Industry Average Account Percent Sales     4,720,000.00 100.00% 100.00% Cost of good sold     2,454,400.00 52.00% 57.00% Gross profit     2,265,600.00 48.00% 43.00% Selling exp     1,250,800.00 26.50% 23.50% Adminitrator Exp         708,000.00 15.00% 13.00% total operating exp     1,958,800.00 41.50% 36.50% Income from operation         306,800.00 6.50% 6.50% other Income         274,800.00 5.82% 2.20%         581,600.00 12.32% 8.70% Other exp           62,000.00 1.31% 1.30%         519,600.00 11.01% 7.40% Income tax           72,000.00 1.53% 1.50% Net income         447,600.00 9.48% 5.90%

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