BUS 242 Financial & Managerial Accounting Indigo Campany Comparzoive rcome Stzem

Question

BUS 242 Financial & Managerial Accounting

Indigo Campany Comparzoive rcome Stzement For the Vsara Eniud Owwmbr 31, 2016 nd 2015 ATLE 2015 950,000.00 67,00000 4350000 130 500 00 5 600.00 47 60003 onod 399 000 00 277 00000 Seling cope 728000.00 500000 5326,40000 50001972000 51292m00 ome $1”50c00 Required for each of the years. Round your percemrages to one decimal pce. Enver ae aounss pesitve numbers 2. To the extenr the oors permit comment on the sgnificanr relanionshpsreveaied by the vertical analyss prepsred [)

Explanation / Answer

Percent = (Amount / Sales) * 100

Particulars 2016 Percent 2015 Percent Sales 950,000 100% 680,000 100% Cost of Goods Sold 323,000 34 244,800 36 Gross Profit 627,000 66 435,200 64 Selling Expenses 180,500 19 115,600 17 Administrative expenses 47,500 5 47,600 7 Total Operating expenses 228,000 24 163,200 24 Income From Operation 399,000 42 272,000 40 Other Income 76,000 8 54,400 8 Income before Income Tax 475,000 50 326,400 48 Income Tax Expense 275,500 29 197,200 29 Net Income 199,500 21 129,200 19

Percent = (Amount / Sales) * 100

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