How do you calculate the percentage of change in sales from 20X8 to 20X9? This will go
Fantastic news! We've Found the answer you've been seeking!
Question:
How do you calculate the percentage of change in sales from 20X8 to 20X9? This will go in cell D7? Show the formula.
Kretsmart | ||||||||
Common-Size Income Statements | ||||||||
For the Years Ended December 31, 20'X'9, 20'X'8, 20'X'7 | ||||||||
20'X'9 | 20'X'8 | 20'X'7 | ||||||
Year-to-Year | % Sales | Year-to-Year | % Sales | % Sales | ||||
Net Sales | 1,000,000 | 700,000 | 600,000 | |||||
Cost of goods sold | 710,000 | 500,000 | 430,000 | |||||
Gross profit on sales | 290,000 | 200,000 | 170,000 | |||||
Operating expenses | 240,000 | 160,000 | 120,000 | |||||
Operating income | 50,000 | 40,000 | 50,000 | |||||
Interest expense | 22,000 | 22,000 | 22,000 | |||||
Income (loss) before income tax | 28,000 | 18,000 | 28,000 | |||||
Income tax expense (refund) | 13,000 | 6,000 | 9,000 | |||||
Net income (loss) | 15,000 | 12,000 | 19,000 |
Related Book For
Materials and process in manufacturing
ISBN: 978-0471656531
9th edition
Authors: E. Paul DeGarmo, J T. Black, Ronald A. Kohser
Posted Date: