ACT2020 GABRIELLE DEPE Quiz: Homework - Chapter 14 This Question: 1 pt 4 of 5 (3

Question

ACT2020 GABRIELLE DEPE Quiz: Homework - Chapter 14 This Question: 1 pt 4 of 5 (3 complete) Compare Jeter and Rojo by converting their income statements to common size Jeter Rojo Cost of goods sold Other expense. 10,600 S16,540 11,909 3,754 877 6,477 3,476 647 $ Which companýy earns more net income? Which company's net income is a higher percentage of its net sales? Jeter Rojo Amount 10,600| 6,477 Net sales.. |% $ 16,540| 11,909 Enter any number in the edit fields and then continue to the next question.

Explanation / Answer

Common Size analysis :

Rojo company earns more net income and Jeter company has higher percentage of net income of net sales

Jeter Rojo Amount % Amount % Net Sales 10600 100% 16540 100% Cost of goods sold 6477 61.1% 11909 72% Other expenses 3476 32.8% 3754 22.7% Operating income 647 6.1% 877 5.3%

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