XYZ Corporation's income statement and balance sheet are given below. a) Express this information as vertical...
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XYZ Corporation's income statement and balance sheet are given below. a) Express this information as vertical trend percents. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34 % ) XYZ Corporation Income Statement Vertical Trend Percentages (%) 2016 2015 2014 2016 2015 2014 $1,435,000 $1,238,000 $1,174,000 991,000 Sales Cost of goods sold Gross profit from sales Operating expenses 1,230,000 1,095,000 183,000 205,000 122,000 143,000 104,000 98,000 Income before tax Income taxes expense 83,000 24,000 39,000 11,000 85,000 25,000 Net income $59,000 $28,000 $60,000 XYZ Corporation's income statement and balance sheet are given below. a) Express this information as vertical trend percents. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34 % ) XYZ Corporation Income Statement Vertical Trend Percentages (%) 2016 2015 2014 2016 2015 2014 $1,435,000 $1,238,000 $1,174,000 991,000 Sales Cost of goods sold Gross profit from sales Operating expenses 1,230,000 1,095,000 183,000 205,000 122,000 143,000 104,000 98,000 Income before tax Income taxes expense 83,000 24,000 39,000 11,000 85,000 25,000 Net income $59,000 $28,000 $60,000
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Related Book For
Financial Accounting
ISBN: 978-0077862268
2nd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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