The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3 rd quarter 2015 if gross sales $ 224 , 400 , sales returns and allowances is $ 14 , 300 , merchandise inventory is J u l y , 1 $ 165 , 000 , merchandise inventory September 30 $ 143 , 320 , net purchases is $ 76 , 500 , total operating expenses is $ 68 , 600 and income tax is $ 8 , 790 .
Solution Summary: The author calculates the vertical analysis of an income statement for Woof & Meow Pet Supply for the 3 rd quarter 2015.
To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1$165,000, merchandise inventory September30$143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.
(b)
To determine
To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1$143,320, merchandise inventory December31$125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.
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Grade 12 and UG/ Introduction to logical statements and truth tables; Author: Dr Trefor Bazett;https://www.youtube.com/watch?v=q2eyZZK-OIk;License: Standard YouTube License, CC-BY