J&J Snack Foods Corp. is a national manufacturer and distributor of snack foods and frozen beverages. Among
Question:
J&J Snack Foods Corp. is a national manufacturer and distributor of snack foods and frozen beverages. Among its brands are ICEE®, SuperPretzel®, and Cinnabon® CinnaPretzel™. Adapted versions of the company's income statements (in $000s) are as follows:
Required
Prepare a common-size income statement for each year, rounding your answers to one decimal place. Your answers may not add perfectly due torounding.
Transcribed Image Text:
Fiscal Year Ended September 29, 2012 September 24, 2011 Net sales Cost of goods sold $830,796 580,611 250,185 $744,071 514,297 229,774 Gross profit Operating expenses Marketing Distribution Administrative Uther general expense Total operating expenses 76,318 62,250 26,192 458 165,218 84,967 70,637 57,462 24,568 524 153,191 76,583 Operating income Other income (expenses) Investment income Interest expense & other Earnings before income taxes 1,392 (73) 86,286 32,168 $54,118 7,621 (138) 84,066 29,003 55,063 Income taxes Net earnings
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Fiscal year ended Sep 29 2012 Sep 24 2011 Net Sales 1000 1000 Cost of goods sold 699 6...View the full answer
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