Ramos Company Ramos Company included the following information in its annual report: 2011 2010 2009 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 Refer to the information for Ramos Company. In a common size income statement for 2011, the operating expenses are expressed as: Group of answer choices 100 % 50.6 % 30.3 % 28.0 %
Ramos Company Ramos Company included the following information in its annual report: 2011 2010 2009 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 Refer to the information for Ramos Company. In a common size income statement for 2011, the operating expenses are expressed as: Group of answer choices 100 % 50.6 % 30.3 % 28.0 %
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Ramos Company
Ramos Company included the following information in its annual report:
|
|
2011 |
2010 |
2009 |
|
Sales |
$178,400 |
$162,500 |
$155,500 |
|
Cost of goods sold |
115,000 |
102,500 |
100,000 |
|
Operating expenses |
50,000 |
50,000 |
45,000 |
|
Net income |
13,400 |
10,000 |
10,500 |
Refer to the information for Ramos Company. In a common size income statement for 2011, the operating expenses are expressed as:
Group of answer choices
100 %
50.6 %
30.3 %
28.0 %
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