Complete the following vertical analyses of Dragonfly Corporation's income statement. What line item is the largest percent
Question:
Complete the following vertical analyses of Dragonfly Corporation's income statement. What line item is the largest percent of sales in 2019? How has it changed from 2018 to 2019?
Transcribed Image Text:
As of percent of sa les (in millions) 2019 2018 2019 2018 $ 61,890 $ 63,762 Sales Cost of Goods Sod 33,092 30.096 Gross Profit 30,670 31,794 15,335 Selling, Genera, and Administrative Expenses 15.897 Research and Development Expense 7,052 7844 Interest Expense 145 142 Eamings Before Prov sion for Taxes 8 138 7,911 Prov sion for Taxes 2,848 2,769 $ 5,290 $ 5, 142 Net Income
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
As a percent of sales in millions 2019 2018 ...View the full answer
Answered By
Ajay Negi
Hi, I've completed my degree in engineering (Information Technology) from an NIT. Currently working as a software engineer. Wish to impart quality education to the future generation.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Question Posted:
Students also viewed these Business questions
-
Elegant Homes Corporation provided the following statement of net income on December 31, 2018, before the disposal of a business segment. The income statement includes the results of operations of...
-
Pfizer Inc, is a U.S, company that manufactures and distributes pharmaceutical and consumer healthcare products that are similar to those sold by Johnson & Johnson. In the following, we present...
-
You are the assistant accountant at Krispies Co. Ltd, a distributor of snack foods. Krispies has a large loan from a bank, and part of the loan agreement stipulates that the company must maintain a...
-
Amrito Corporation is under financial distress and raises debt because it has several projects that are expected to generate profit in the future. When calculating its weighted average cost of...
-
Repeat Question 9, but include that the lead time is normally distributed with a standard deviation of 0.5 weeks. Question 9 Suppose that an auto part in a manufacturer's inventory has the following...
-
Express the given complex numbers in polar and rectangular forms. 3.00e 0.500j
-
Repeat Example 7.3 using \(10 \mathrm{~kg} / \mathrm{h}\) of solvent in each stage. Data From Example 7.3:- The feed of Example 7.2 is extracted three times with pure chloroform at 298 K, using 8...
-
The following questions concern the determination of the proper sample size in audit sampling using the following table: Required a. Assume that the initial sample size for column 1 using...
-
What are some practical advantages to using a star schema data model over a relational model in healthcare?
-
Evergreen Ltd. purchased Machinery on 1st April, 2018, for Rs. 54,00,000 and spent Rs. 5,00,000 on import duty and Rs. 1,00,000 on its erection. On 1st October 2020 a part of the machinery which was...
-
Complete the following horizontal analyses of Dragonfly Corporation's income statement. What was the largest percentage increase in expenses? What was the largest percentage decrease in expenses?...
-
Ciara's Cookie Company provided the following account balances from its year-end trial balance. During the year, Ciara issued no -par common stock. The proceeds of the new issue were $25,000. The...
-
Where does the tangent line to y = (2x + 1)3 at (0, 1) cross the x-axis?
-
Procedures that are used to decide whether to take life, liberty, or property are the focus of constitutional provisions covering a. equal protection. b. procedural due process. c. substantive due...
-
Denzel promises to imprint four thousand T-shirts with Ronas logo. Rona pays in advance. Before Denzel delivers the shirts, the contract is classified as a. executory because it is executory on...
-
When might reliance form the basis for contract rights and duties despite a lack of consideration?
-
Civil law concerns a. duties that exist between persons or between citizens and governments. b. wrongs committed against the public as a whole. c. both a and b. d. none of the above.
-
For each of the business transactions listed below, you are to enter in the Workbook: a the account name, with debit account first b if the account entry is a debit or credit c the chart of account...
-
Borrowing money may be necessary for business expansion. However, too much borrowed money can also mean trouble. Are developing countries tending to borrow more? A random sample of 20 developing...
-
As you rewrite these sentences, replace the cliches and buzzwords with plain language (if you don't recognize any of these terms, you can find definitions online): a. Being a jack-of-all-trades, Dave...
-
Using the information provided in E4- 7, prepare CC& Cs t- accounts for all relevant accounts for the year ended December 31, 2015. Post journal entries in E4- 7 to the general ledger. In E4- 7...
-
Using the information provided in E4- 6, prepare Dover Direct Insurance Agencys unadjusted trial balance at June 30, 2015. In E4- 6 Using the information provided in E4- 5, post Dover Direct...
-
Transaction Analysis; Journal Entries; Adjusting Journal Entries. Jester Entertainment Company began operations on January 1, 2015. The company had the following transactions in its first year of...
-
15.5 kg is moving due east with a speed VA = 7.80 m/s, while object (B) of mass mB = 30.0 kg is moving in a direction that makes angle of 58 north of east with a speed VB = 5.20 m/s. The two objects...
-
An object is launched horizontally from the top of a cliff with an initial speed of 1 5 m / s . When the obiect has traveled a horizontal distance of 4 0 meters, how far below the launch point is the...
-
200 cubic metres of hot humid air are being cooled. The original air is at 33.5 degrees Celsius and has a relative humidity of 70%. It is cooled to 20 degrees Celsius. How much water condenses from...
Study smarter with the SolutionInn App