Revenue and expense data for Rogan Technologies Co. are as follows: a. Prepare an income statement in

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Revenue and expense data for Rogan Technologies Co. are as follows:

a. Prepare an income statement in comparative form, stating each item for both 2010 and 2009 as a percent of sales. Round to one decimal place.b. Comment on the significant changes disclosed by the comparative incomestatement.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 20, 2011 06:29 AM

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Revenue and expense data for Rogan Technologies Co. are as follows: a. Prepare an income statement in

Question:

2009 2010 $500,000 325,000 Sales Cost of goods sold Selling expenses Administrative expenses Income tax expense $440,000 242,000 79,200 70,400 26,400 70,000 75,000 25,000

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a b The vertical analysis indicates that the cost of goods sold as a percent of sale...View the full answer

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