Calculations $(2$ pages$)$

income statement comparison for Forklift Material Handling shows the income statement for urrent and prior year.

Please delete all red text provided in the template before submitting the assignment.

Provide formulas and calculations used to find current year operating income, operating $\%,$ return on investment $($ROI$),$ and residual income.

For example:

Determine the operating income $($loss$)($dollars$)$ for each year.

Sales Revenue $-$ Cost of Goods Sold $=$ Gross Profit

$$33,750-$$$21,938=$$$11,812$

Gross Profit $-$ Operating Expenses $=$ Operating Income

$$11,812-$$$10,125=$$ $?$

Provide calculations used to find prior year operating income, operating $\%,$ return on investment $($ROI$),$ and residual income.

Calculations $(2$ pages$)$

income statement comparison for Forklift Material Handling shows the income statement for urrent and prior year.

Please delete all red text provided in the template before submitting the assignment.

Provide formulas and calculations used to find current year operating income, operating $\%,$ return on investment $($ROI$),$ and residual income.

For example:

Determine the operating income $($loss$)($dollars$)$ for each year.

Sales Revenue $-$ Cost of Goods Sold $=$ Gross Profit

$$33,750-$$$21,938=$$$11,812$

Gross Profit $-$ Operating Expenses $=$ Operating Income

$$11,812-$$$10,125=$$ $?$

Provide calculations used to find prior year operating income, operating $\%,$ return on investment $($ROI$),$ and residual income.