Softex and Sanibel Solutions are manufacturers of cotton products. Their abbreviated income statements for a recent...
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Softex and Sanibel Solutions are manufacturers of cotton products. Their abbreviated income statements for a recent year follow: Line Item Description Revenues Softex Sanibel Solutions $2,456,000 $1,985,000 Cost of services (expense) (1,375,360) (1,046,000) Selling, general, and administrative expenses (785,920) (592,500) Depreciation and other expenses (103,500) Net income $191,220 (119,100) $227,400 Complete vertical analyses for the two companies. If required, round your percentages to one decimal place. Do not enter the percent sign. Line Item Description Revenues Cost of services (expense) Selling, general, and administrative expenses Depreciation and other expenses Net income Income Statements Softex Amount $2,456,000 (1,375,360) (785,920) (103,500) $191,220 Softex Percent fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank Sanibel Solutions Amount $1,985,000 (1,046,000) (592,500) (119,100) $227,400 Sanibel Solutions Percent fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank Softex and Sanibel Solutions are manufacturers of cotton products. Their abbreviated income statements for a recent year follow: Line Item Description Revenues Softex Sanibel Solutions $2,456,000 $1,985,000 Cost of services (expense) (1,375,360) (1,046,000) Selling, general, and administrative expenses (785,920) (592,500) Depreciation and other expenses (103,500) Net income $191,220 (119,100) $227,400 Complete vertical analyses for the two companies. If required, round your percentages to one decimal place. Do not enter the percent sign. Line Item Description Revenues Cost of services (expense) Selling, general, and administrative expenses Depreciation and other expenses Net income Income Statements Softex Amount $2,456,000 (1,375,360) (785,920) (103,500) $191,220 Softex Percent fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank Sanibel Solutions Amount $1,985,000 (1,046,000) (592,500) (119,100) $227,400 Sanibel Solutions Percent fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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