Zachary Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage...

 

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Zachary Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Zachary Corporation's income statement components between the two years. Note: Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) ZACHARY CORPORATION Income Statements Year 3 Year 2 $ 1,297,000 $ 1,001,500 797,655 600,900 499,345 400,600 301,500 197,000 197,845 203,600 61,000 52,400 $ 136,845 $ 151,200 Percentage Change % % Zachary Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Zachary Corporation's income statement components between the two years. Note: Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) ZACHARY CORPORATION Income Statements Year 3 Year 2 $ 1,297,000 $ 1,001,500 797,655 600,900 499,345 400,600 301,500 197,000 197,845 203,600 61,000 52,400 $ 136,845 $ 151,200 Percentage Change % %

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