Ben Merchandise presented the following balances for 2017 and 2016: 2017 2016 P853,500 (net sales) P794,250 (net sales) P541,125 (COGS) P507,465 (COGS) What is the percent change in a trend analysis of income statement for the gross profit? (A) 9.41% B 6.63% 8.92% D) 7.46%

Ben Merchandise presented the following balances for 2017 and 2016: 2017 2016 P853,500 (net sales) P794,250 (net sales) P541,125 (COGS) P507,465 (COGS) What is the percent change in a trend analysis of income statement for the gross profit? (A) 9.41% B 6.63% 8.92% D) 7.46%

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.21MCE

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Question

What is the percent change in a trend analysis of income statement for the gross profit?

Ben Merchandise presented the following balances for 2017 and 2016:
2017
2016
P853,500 (net sales)
P794,250 (net sales)
P541,125 (COGS)
P507,465 (COGS)
What is the percent change in a trend analysis of income statement for the gross profit?
A 9.41%
B) 6.63%
8.92%
D) 7.46%

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