0 You skipped this question in the previous attempt. 6 Comparative Income Statem

Question

0 You skipped this question in the previous attempt. 6 Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2015 sales Cost of goods sold Gross profit Selling expenses 2016 $555, 000 $340, 000 $278,000 283, 500 212,500 153,900 271, 300 127, 500 124,100 102,900 46, 920 50, 800 29,920 76,840 Part 3 of 3 22,800 1.67 points Total expenses Income before taxes Income taxes S0, 660 153, s68 117,932 40,800 50, 66050,500 0.37015 670 s 77,132 S 40,290 $ 34,830 Pint s 52,390 37,924 51,748 3, 950 cent asset 500 100.00096,000 60.000 plant Total assets S 22,000 S 19,960 20,300 72,000 72,00060,000 6, 000 Common stock 9,000 Prev 6 of 6 Next

Explanation / Answer

BALANCE SHEET IN TREND PERCENTAGES 2017 % (2017) 2016 % (2016) 2015 % (2015) Assets Current Assets $           52,390 101.24% $           37,924 73.29% $           51,748 100% Llong-Term Investment $                    -   0.00% $                 500 12.66% $             3,950 100% Plant Assets , Net $       1,00,000 166.67% $           96,000 160.00% $           60,000 100% Total Assets $       1,52,390 131.71% $       1,34,424 116.19% $       1,15,698 100% Liabilities and Equities Current Liabilities $           22,800 112.32% $           19,960 98.33% $           20,300 100% Common Stock $           72,000 120.00% $           72,000 120.00% $           60,000 100% Other Paid in Capital $             9,000 150.00% $             9,000 150.00% $             6,000 100% Retained Earnings $           48,590 165.28% $           33,464 113.83% $           29,398 100% Total Liability and Equity $       1,52,390 131.71% $       1,34,424 116.19% $       1,15,698 100%

Related Questions

Navigate

• Browse (All)
• Browse
• Subjects

---

---

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