Income statement of ABC company is given below: 2019 2018 2017 Sales Revenue 9,000 6,000 7,500...
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Income statement of ABC company is given below: 2019 2018 2017 Sales Revenue 9,000 6,000 7,500 COGS (-) 6,000 3,000 800 2.200 5,000 2,500 4,000 Gross Profit 2,000 300 2.200 Operating Expenses (-) 200 1.800 Net Profit a) Show the trend percentages for three-year period taking 2017 as the base year. (Show supportive calculations) (10 pts) b) First comment on the trends of each item and write your conclusion whether overall trends are Favorable or Unfavorable. (20 pts, 150 words) Income statement of ABC company is given below: 2019 2018 2017 Sales Revenue 9,000 6,000 7,500 COGS (-) 6,000 3,000 800 2.200 5,000 2,500 4,000 Gross Profit 2,000 300 2.200 Operating Expenses (-) 200 1.800 Net Profit a) Show the trend percentages for three-year period taking 2017 as the base year. (Show supportive calculations) (10 pts) b) First comment on the trends of each item and write your conclusion whether overall trends are Favorable or Unfavorable. (20 pts, 150 words)
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Answer rating: 100% (QA)
Q3 a 2019 2018 2017 Sales 9000 12000 6000 8000 7500 100 COGS 6000 12000 4000 8000 5000 100 Gross Pro... View the full answer
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Olds
Posted Date:
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