EUDALEY CORPORATION Comparative Income Statement For the Years Ended December 31
ID: 2496682 • Letter: E
Question
EUDALEY CORPORATION
Comparative Income Statement
For the Years Ended December 31
2014
2013
Net sales
$598,000
$500,000
Cost of goods sold
477,000
420,000
Gross Profit
121,000
80,000
Operating expenses
80,000
44,000
Net income
$ 41,000
$ 36,000
EUDALEY CORPORATION
Comparative Income Statement
For the Years Ended December 31
Increase or (Decrease) During 2014
2014
2013
Amount
Percentage
Net sales
$598,000
$500,000
%
Cost of goods sold
477,000
420,000
%
Gross Profit
121,000
80,000
%
Operating expenses
80,000
44,000
%
Net income
$ 41,000
$ 36,000
%
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EUDALEY CORPORATION
Comparative Income Statements
For the Years Ended December 31
2014
2013
$
Percent
$
Percent
Net sales
$598,000
%
$500,000
%
Cost of goods sold
477,000
%
420,000
%
Gross Profit
121,000
%
80,000
%
Operating expenses
80,000
%
44,000
%
Net income
$ 41,000
%
$ 36,000
%
Here are the comparative income statements of Eudaley Corporation.EUDALEY CORPORATION
Comparative Income Statement
For the Years Ended December 31
2014
2013
Net sales
$598,000
$500,000
Cost of goods sold
477,000
420,000
Gross Profit
121,000
80,000
Operating expenses
80,000
44,000
Net income
$ 41,000
$ 36,000
Explanation / Answer
EUDALEY CORPORATION
EUDALEY CORPORATION
EUDALEY CORPORATION
Comparative Income Statement For the Years Ended December 31 Increase or (Decrease) During 2014 2014 2013 Amount Percentage Net sales $598,000 $500,000 $98,000 100 % Cost of goods sold 477,000 420,000 $57,000 $ 0.58 % Gross Profit 121,000 80,000 $41,000 $ 0.42 % Operating expenses 80,000 44,000 $36,000 $ 0.37 % Net Income 41,000 36000 $5,000 $ 0.05EUDALEY CORPORATION
Comparative Income Statements For the Years Ended December 31 2014 2013 $ Percent $ Percent Net sales $598,000 100 % $500,000 100 % Cost of goods sold 477,000 0.797659 % 420,000 0.84 % Gross Profit 121,000 0.202341 % 80,000 0.16 % Operating expenses 80,000 0.133779 % 44,000 0.088 % Net income $ 41,000 0.068562 % $ 36,000 0.072 %Related Questions
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