1. Prepare a comparative statements for Sunshine Co. showing an income statement for 3 year period. 2020. 2021 Sale 475,000. 505,000 Less: Cost of sales. 210,000. 250,000 Gross Profit on Sales. 265,000 255,000 Less: Operating Expenses. 180,000. 155,000 Net Income 85,000. 100,000
1. Prepare a comparative statements for Sunshine Co. showing an income statement for 3 year period. 2020. 2021 Sale 475,000. 505,000 Less: Cost of sales. 210,000. 250,000 Gross Profit on Sales. 265,000 255,000 Less: Operating Expenses. 180,000. 155,000 Net Income 85,000. 100,000
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 9MC: A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the companys...
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1. Prepare a comparative statements for Sunshine Co. showing an income statement for 3 year period.
2020. 2021
Sale 475,000. 505,000
Less: Cost of sales. 210,000. 250,000
Gross Profit on Sales. 265,000 255,000
Less: Operating Expenses. 180,000. 155,000
Net Income 85,000. 100,000
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