Athletic World reports the following vertical analysis percentages. Did Athletic Worlds income before tax as a percentage
Question:
Athletic World reports the following vertical analysis percentages.
Did Athletic World’s income before tax as a percentage of sales increase, decrease, or stay the same? If net income as a percentage of sales increases, does that mean net income also increases? Explain.
Transcribed Image Text:
Sales Cost of goods sold Operating expenses 2024 100% 48% 35% 2023 100% 56% 30%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
A th let ic World s income before tax as a percentage of sales decreased since the percentage of c...View the full answer
Answered By
David Njeri
I am a professional tutor with seven years of experience in tutoring, editing, proofreading, and research in diverse fields. I have tutored students daily to help them understand new concepts and acquire knowledge in their area of specialization. Therefore, my learners have achieved their education and corporate goals since they pass exams with excellent grades and exhibit professionalism in their fields. I am self-motivated and willing to offer the best for the success of learners I tutor daily. I can work under pressure to deliver desirable results both in the short-term and long-term. I can also deliver high-quality research to ensure my learners score high marks. In addition, I can use my expertise to develop innovations in learning which will help learners understand the concepts clearly. Moreover, I do my best to ensure my company achieves the best results and prioritize the integrity of both the company and learners.
Thank you for considering me!
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Athletic World reports the following vertical analysis percentages. Did Athletic Worlds income before tax as a percentage of sales increase, decrease, or stay the same? If net income as a percentage...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The first case at the end of this chapter and numerous subsequent chapters is a series of integrative cases involving Wal-Mart Stores, Inc. (Walmart). The series of cases applies the concepts and...
-
12. For a piece of material, the steady state flow of material across its thickness is 0.250 x 10 kg/m-hr. If the concentrationon the high side of the material is 1.85 kg/m and is 0.06 kg/m on the...
-
A developer received financial backing for a new business financial centre along a derelict section of the waterfront, a few kilometres from the current down- town area of a large European city. The...
-
A supersonic flow of air has a pressure of \(1 \times 10^{5} \mathrm{~N} / \mathrm{m}^{2}\) and a temperature of \(350 \mathrm{~K}\). After expanding through a \(35^{\circ}\) turn, the Mach number is...
-
With reference to Exercise 11.50, test \(ho=0\) against \(ho eq 0\) at \(\alpha=0.05\). Data From Exercise 11.50 11.50 The following data pertain to the processing speed (GHz) of a computer and the...
-
Your company is running an audit on the Sleaze Company. Because Sleaze has a bad habit of overcharging its customers, the focus of your audit is on checking whether the billing amounts on its...
-
What are organizations doing to effectively manage diversity? What methods of managing a diverse work environment tend to work best?
-
Refer to the facts in problem 6. Now assume that Firm A borrowed $50,000 to purchase the asset. In each year, it paid $3,800 annual interest on the debt. The interest payments were deductible. a. How...
-
Refer to the information provided in E122. Data from in E12-2 The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025...
-
The balance sheets for Fantasy Football for 2024 and 2023 are provided below. Required: 1. Prepare a vertical analysis of Fantasy Footballs 2024 and 2023 balance sheets. Express each amount as a...
-
A company receives advance payments from customers that are immediately taxable but will not be recognized for accounting purposes until the company fulfills its obligation. The company will most...
-
In the following \(R\) output, some of the numbers have been accidentally erased. Recompute them, using the numbers still available. There are \(n=20\) points in the data set. Coefficients:...
-
The National Center for Health Statistics interviewed 5409 adult smokers in 2015 , and 2636 of them said they had tried to quit smoking during the past year. Consider this to be a random sample. a....
-
The concentration of carbon monoxide (CO) in a gas sample is measured by a spectrophotometer and found to be \(85 \mathrm{ppm}\). Through long experience with this instrument, it is believed that its...
-
Refer to Exercise 18. a. Find a 95 % 95 % upper confidence bound for the mean time. b. Find a 98 % 98 % lower confidence bound for the mean time. Data From Exercise 18: One step in the manufacture of...
-
Refer to Exercise 32. For each duration, the confidence interval at 40 % 40 % humidity is narrower than the one at 75 % 75 % humidity. Which of the following is the best explanation for this? i....
-
(a) When ice floats in water at 0 C, what percent of its volume is submerged? (b) What is the specific gravity of ice?
-
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
-
Ajax Company appropriately accounts for certain sales using the installment sales method. The perpetual inventory system is used. Information related to installment sales for 2011 and 2012 is as...
-
On August 31, 2011, the Silva Company sold merchandise to the Bendix Corporation for $500,000. Terms of the sale called for a down payment of $100,000 and four annual installments of $100,000 due on...
-
Mulcahey Builders (MB) remodels office buildings in low-income urban areas that are undergoing economic revitalization. MB typically accepts a 25% down payment when they complete a job and a note,...
-
1. How many meters are there in 110 yards? 2. What is the equivalent length in inches of 2.5 m? 3. The weight of an object is 2.5 lb. What is the equivalent force and mass in the SI system of units?
-
An object is moving on a circular path of radius 3 . 0 meters at a constant speed. The time re revolution is 4 . 7 s. What is the acceleration of the object?
-
If the emitted infrared radiation from the asteroid Ceres, have a wavelength of maximum intensity at 20,000 nm, what is the temperature of Ceres assuming Wien's Law?
Study smarter with the SolutionInn App