RT ayout Chapter 15 Sample Questions (1) - PowerPoint DESIGN TRANSITIONS ANIMATIONS SLIDE SHOW REVIEW VIEW ADD-INS HAAA .EE, IN- BIUS al NV . A . A . SEE Shapes Arrange Quick Styles Font Paragraph Drawing leset ection Click to add title Percent of Total 100.0 2016 $4,920 2200 2,720 470 55.3 Bateman, Inc Comparative Income Statement Years Ended December 31, 2017 and 2016 Percent of In millions) 2017 Total Net Sales 56,355 100.0% Cost of Goods Sold 3.370 530 Gross Profit 2,985 Operating Expenses. Selling Expenses 675 Administrative expenses 410 Total Operating Expenses 1,085 17.1 Operating Income 1.900 Other Revenues and Expenses): Interest Revenue Ol a Interest Expense (400) (6.3) Total Revenues and Expenses) 400 1 63 Income Before Income Taxes 1.500 23.6 Income Tax Expense Net Income $1.270 20.0 580 425 1,005 1.715 29.3 (695) (695 1.020 210 5810 The figure 47.0% shown for gross profit in 2017 signifies that the gross profit is NOTES COMMENTS B E B