Review Dict Calculate Accounting Rogers Company had the following income statome

Question

Review Dict Calculate Accounting Rogers Company had the following income statoment to be used in horizontal analysts 2016 2015 Sales Cost of Goods Sold Gross Profit Operating Expenses Income Before Taxes Income Tax Expense Net Income $850,000 1,000,000 400,000 600,000 360,000 240,000 72,000 S163,800 $ 168,000 306,000 544,000 310,000 234,000 70,200 Required Examine sales and compute the following. Indicate for each whether the change is an increase or a decrease 1. Compute the change in dollar amount from 2015 to 2016 2. Compute the percentage change from 2015 to 2016 Round your answer to two decimal places Amount of Change cent ofchange Decrease O Increase Is] O Decrease 0% Clear Undo Help Type here to search

Explanation / Answer

Decrease in Sales

Amount of change = $1,000,000 - $850,000

...............................= $150,000

Percent of change = $150,000 / $1,000,000

..............................= 15%

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.