Compute four ratios that measure ability to earn profits for PGI Decor Inc., whose comparative income statement
Question:
Compute four ratios that measure ability to earn profits for PGI Decor Inc., whose comparative income statement follows:
Additional data:
Did the company's operating performance improve or deteriorate during 2017?
Transcribed Image Text:
PGI Decor Inc. Co mparative Income Statement For the Years Ended December 31, 2017 and 2016 2 in thousands) 2017 2016 S 174,000 $158,000 86,000 72,000 41,000 31,000 10,000 21,000 8,000 3 Net sales 4 Cost of goods sold 5 Gross profit 6 Selling and general expenses 7 Income from operations 8 Interest expense 9 Income before income tax 10 Income tax expense 11 Net income 12 93,000 81,000 46,000 35,000 9,000 26,000 9,000 2017 2015 lotal ss.. Cooslueluolkeseuity.... I'nefeexl divices Average common shares outstanding during the year. 2016 $204,000 $191,000 171,000 $96,000 89,000 79,000 $ 3,000 3,000 0 21,000 20,000 18,000
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Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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