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Prepare a comparative statements  for Sunshine Co. showing an income statement for 3 year period.                                                       2019.            2020.                 2021 Sale                                             500,000.       475,0000.        505,000 Less: Cost of sales.                      300,000.       210,000.          250,000 Gross Profit on Sales.                  200,000.        265,000          255,000 Less:  Operating Expenses.         120,000.        180,000.          155,000 Net Income                                  80,000.         85,000.           100,000

Prepare a comparative statements  for Sunshine Co. showing an income statement for 3 year period.                                                       2019.            2020.                 2021 Sale                                             500,000.       475,0000.        505,000 Less: Cost of sales.                      300,000.       210,000.          250,000 Gross Profit on Sales.                  200,000.        265,000          255,000 Less:  Operating Expenses.         120,000.        180,000.          155,000 Net Income                                  80,000.         85,000.           100,000

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.11P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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1. Prepare a comparative statements  for Sunshine Co. showing an income statement for 3 year period.
                                                      2019.            2020.                 2021


Sale                                             500,000.       475,0000.        505,000
Less: Cost of sales.                      300,000.       210,000.          250,000
Gross Profit on Sales.                  200,000.        265,000          255,000
Less:  Operating Expenses.         120,000.        180,000.          155,000
Net Income                                  80,000.         85,000.           100,000

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