What is the breakeven analysis and current ratio from the information in the table? EXHIBIT C14.2 Comparative

What is the breakeven analysis and current ratio from the information in the table?

 

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EXHIBIT C14.2 Comparative Statements of Income and Expenses for the Most Recent Years Ended June 30 INCOME Contract Income DIRECT JOB COSTS Materials Labor Payroll Taxes Truck and Travel Subcontract Equipment Rental Miscellaneous TOTAL DIRECT JOB COSTS GROSS PROFIT OPERATING EXPENSE INCOME (LOSS) FROM OPERATIONS OTHER INCOME Interest Income Gain on sale of fixed assets TOTAL OTHER INCOME INCOME (LOSS) BEFORE TAXES FEDERAL AND STATE INCOME TAXES NET INCOME (LOSS) percent 100.00 41.15 23.24 2.64 2.04 .42 2.26 1.23 72.98 27.02 26.88 .14 .18 21 39 .53 .00 .53 Two Years Ago $ 937,317 385,716 217,870 24,739 19,117 3,950 21,141 11,487 684,020 253,297 251,958 1,339 1,700 1,930 3,360 4,969 -0- 4,969 percent 100.00 39.42 25.13 2.66 2.32 1.64 2.06 08 73.31 26.69 37.94 (11.25) .03 .00 .03 (11.22) .00 (11,22) Last Year $ 594,624 234,417 149,404 15,795 13,772 9,744 12,259 556 435,947 158,677 225,591 (66,914) 168 168 (66,746) -0- (66,746) EXHIBIT C14.2 Comparative Statements of Income and Expenses for the Most Recent Years Ended June 30 INCOME Contract Income DIRECT JOB COSTS Materials Labor Payroll Taxes Truck and Travel Subcontract Equipment Rental Miscellaneous TOTAL DIRECT JOB COSTS GROSS PROFIT OPERATING EXPENSE INCOME (LOSS) FROM OPERATIONS OTHER INCOME Interest Income Gain on sale of fixed assets TOTAL OTHER INCOME INCOME (LOSS) BEFORE TAXES FEDERAL AND STATE INCOME TAXES NET INCOME (LOSS) percent 100.00 41.15 23.24 2.64 2.04 .42 2.26 1.23 72.98 27.02 26.88 .14 .18 21 39 .53 .00 .53 Two Years Ago $ 937,317 385,716 217,870 24,739 19,117 3,950 21,141 11,487 684,020 253,297 251,958 1,339 1,700 1,930 3,360 4,969 -0- 4,969 percent 100.00 39.42 25.13 2.66 2.32 1.64 2.06 08 73.31 26.69 37.94 (11.25) .03 .00 .03 (11.22) .00 (11,22) Last Year $ 594,624 234,417 149,404 15,795 13,772 9,744 12,259 556 435,947 158,677 225,591 (66,914) 168 168 (66,746) -0- (66,746)

Answer rating: 100% (QA)

The breakeven analysis is as follows Total fixed costs 684020 Contribution margin per unit 253297 ... View the full answer