According to the producer price index database maintained by the Bureau of Labor Statistics, the average...
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According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2018. Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages. for the income statement of Computer Tycoon Incorporated for the year ended December 31, 2018. 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more gross profit per dollar of sales in 2018 compared to 2017? Complete this question by entering your answers in the tabs below. ces Req 1 Req 2A Req 28 Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages, for the income statement of Computer Tycoon Incorporated for the year ended December 31, 2018. Note: Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place. COMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 Sales Revenue Cost of Goods Sold Gross Profit 2018 2017 115,000 $ 142,500 67,500 77,500 47,500 65,000 Dollars Change in t Percentage % % % < Previ 8 of 15 Next > Sales Revenue OMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income Change in 2018 2017 Dollars Percentage $ 115,000 $ 142,500 % 67,500 77,500 % 47,500 65,000 % 37,500 40,000 % 650 550 % 9,350 24,450 % + 2,000 6,500 % $ 7,350 $ 17,950 % Reg 1 Req 2A > Complete this question by entering your answers in the tabs below. oints Req 1 Req 2A Req 28 eBook Hint Conduct a vertical analysis by expressing each line as a percentage of total revenues. Note: Round percentage values to 1 decimal place. COMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 2018 2017 Sales Revenue $ 115,000 % $ 142,500 % Print Cost of Goods Sold 67,500 % 77,500 % Gross Profit 47,500 %6 65,000 % References Selling, General, and Administrative Expenses 37,500 % 40,000 % Interest Expense 650 % 550 % Income before Income Tax Expense 9,350 % 24,450 % Income Tax Expense Net Income 2,000 % 6,500 % $ 7,350 % $ 17,950 % According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2018. Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages, for the income statement of Computer Tycoon Incorporated for the year ended December 31, 2018. 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more gross profit per dollar of sales in 2018 compared to 2017? Complete this question by entering your answers in the tabs below. Req 11 Req 2A Req 28 Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more gross profit per dollar of sales in 2018 compared to 2017? Did Computer Tycoon eam more gross profit per dollar of sales in 2018? Req 2A According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2018. Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages. for the income statement of Computer Tycoon Incorporated for the year ended December 31, 2018. 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more gross profit per dollar of sales in 2018 compared to 2017? Complete this question by entering your answers in the tabs below. ces Req 1 Req 2A Req 28 Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages, for the income statement of Computer Tycoon Incorporated for the year ended December 31, 2018. Note: Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place. COMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 Sales Revenue Cost of Goods Sold Gross Profit 2018 2017 115,000 $ 142,500 67,500 77,500 47,500 65,000 Dollars Change in t Percentage % % % < Previ 8 of 15 Next > Sales Revenue OMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income Change in 2018 2017 Dollars Percentage $ 115,000 $ 142,500 % 67,500 77,500 % 47,500 65,000 % 37,500 40,000 % 650 550 % 9,350 24,450 % + 2,000 6,500 % $ 7,350 $ 17,950 % Reg 1 Req 2A > Complete this question by entering your answers in the tabs below. oints Req 1 Req 2A Req 28 eBook Hint Conduct a vertical analysis by expressing each line as a percentage of total revenues. Note: Round percentage values to 1 decimal place. COMPUTER TYCOON, INCORPORATED Income Statements For the Year Ended December 31 2018 2017 Sales Revenue $ 115,000 % $ 142,500 % Print Cost of Goods Sold 67,500 % 77,500 % Gross Profit 47,500 %6 65,000 % References Selling, General, and Administrative Expenses 37,500 % 40,000 % Interest Expense 650 % 550 % Income before Income Tax Expense 9,350 % 24,450 % Income Tax Expense Net Income 2,000 % 6,500 % $ 7,350 % $ 17,950 % According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2018. Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages, for the income statement of Computer Tycoon Incorporated for the year ended December 31, 2018. 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more gross profit per dollar of sales in 2018 compared to 2017? Complete this question by entering your answers in the tabs below. Req 11 Req 2A Req 28 Excluding income tax, interest, and operating expenses, did Computer Tycoon earn more gross profit per dollar of sales in 2018 compared to 2017? Did Computer Tycoon eam more gross profit per dollar of sales in 2018? Req 2A
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