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Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in X. dollars. The electronics industry averages are expressed in percentages. Tannenhill Electronics Company Industry Average 2 Sales $4,580 000.00 100,0% Cost of goods sold 2,581,600.00 59.0 4 Gross profit $2,198,400.00 41.0% 5 Selling expenses $1,213,70000. 22.5% Administrative expenses 752,800.00 14.0 7 Total operating expenses $1,946,500.00 36.5% 4:Operating incOme $251,900.00 4.5% Previous Next Check My Work 2 more Check My Work uses remaining. 2. Instructions 8 Operating income $251,900.00 4.5% 9 Other revenue 104,000.00 2.3 10 $355,900.00 6.8% 11 Other expense 68,000.00 1.5 12 Income before income tax $287,900.00 5.3% 13 Income tax expense 76,000.00 1.7 14 Net income $211,900.00 3.6% A. Prepare a common-sized income state. ent comparing the results of operations for Tannenhill Company with the industry average. Round percentages to one decimal place. Enter all amounts as positive numbers. B. As far as the data permit, comment on significant relationships revealed by the comparisons. Previou= Check My Work 2 more Check My Work uses remaining.

Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in X. dollars. The electronics industry averages are expressed in percentages. Tannenhill Electronics Company Industry Average 2 Sales $4,580 000.00 100,0% Cost of goods sold 2,581,600.00 59.0 4 Gross profit $2,198,400.00 41.0% 5 Selling expenses $1,213,70000. 22.5% Administrative expenses 752,800.00 14.0 7 Total operating expenses $1,946,500.00 36.5% 4:Operating incOme $251,900.00 4.5% Previous Next Check My Work 2 more Check My Work uses remaining. 2. Instructions 8 Operating income $251,900.00 4.5% 9 Other revenue 104,000.00 2.3 10 $355,900.00 6.8% 11 Other expense 68,000.00 1.5 12 Income before income tax $287,900.00 5.3% 13 Income tax expense 76,000.00 1.7 14 Net income $211,900.00 3.6% A. Prepare a common-sized income state. ent comparing the results of operations for Tannenhill Company with the industry average. Round percentages to one decimal place. Enter all amounts as positive numbers. B. As far as the data permit, comment on significant relationships revealed by the comparisons. Previou= Check My Work 2 more Check My Work uses remaining.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 3E
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Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in X. dollars. The electronics industry averages are expressed in percentages. Tannenhill Electronics Company Industry Average 2 Sales $4,580 000.00 100,0% Cost of goods sold 2,581,600.00 59.0 4 Gross profit $2,198,400.00 41.0% 5 Selling expenses $1,213,70000. 22.5% Administrative expenses 752,800.00 14.0 7 Total operating expenses $1,946,500.00 36.5% 4:Operating incOme $251,900.00 4.5% Previous Next Check My Work 2 more Check My Work uses remaining. 2.
Transcribed Image Text:Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in X. dollars. The electronics industry averages are expressed in percentages. Tannenhill Electronics Company Industry Average 2 Sales $4,580 000.00 100,0% Cost of goods sold 2,581,600.00 59.0 4 Gross profit $2,198,400.00 41.0% 5 Selling expenses $1,213,70000. 22.5% Administrative expenses 752,800.00 14.0 7 Total operating expenses $1,946,500.00 36.5% 4:Operating incOme $251,900.00 4.5% Previous Next Check My Work 2 more Check My Work uses remaining. 2.
Instructions 8 Operating income $251,900.00 4.5% 9 Other revenue 104,000.00 2.3 10 $355,900.00 6.8% 11 Other expense 68,000.00 1.5 12 Income before income tax $287,900.00 5.3% 13 Income tax expense 76,000.00 1.7 14 Net income $211,900.00 3.6% A. Prepare a common-sized income state. ent comparing the results of operations for Tannenhill Company with the industry average. Round percentages to one decimal place. Enter all amounts as positive numbers. B. As far as the data permit, comment on significant relationships revealed by the comparisons. Previou= Check My Work 2 more Check My Work uses remaining.
Transcribed Image Text:Instructions 8 Operating income $251,900.00 4.5% 9 Other revenue 104,000.00 2.3 10 $355,900.00 6.8% 11 Other expense 68,000.00 1.5 12 Income before income tax $287,900.00 5.3% 13 Income tax expense 76,000.00 1.7 14 Net income $211,900.00 3.6% A. Prepare a common-sized income state. ent comparing the results of operations for Tannenhill Company with the industry average. Round percentages to one decimal place. Enter all amounts as positive numbers. B. As far as the data permit, comment on significant relationships revealed by the comparisons. Previou= Check My Work 2 more Check My Work uses remaining.
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