4,969,100 5,157,600 2,420,700 2,390,600 2,532,400 Depreciation 279,000 246,600 A
ID: 2745970 • Letter: 4
Question
4,969,100
5,157,600
2,420,700
2,390,600
2,532,400
Depreciation
279,000
246,600
Amortization of Intangibles
180,100
176,100
Operating Income (Loss)
83,400
-218,200
Interest Expense
116,500
78,200
Income Before Tax
-33,100
-296,400
Income Tax Expense
-56,100
Net Income
-78,500
-240,300
Referring to the Blockbuster financial statements, what is the change in Gross Margin from Year 1 to Year 2?
Year 1 Year 2 Sales4,969,100
5,157,600
COGS 2,036,0002,420,700
SG&A2,390,600
2,532,400
Depreciation
279,000
246,600
Amortization of Intangibles
180,100
176,100
Operating Income (Loss)
83,400
-218,200
Interest Expense
116,500
78,200
Income Before Tax
-33,100
-296,400
Income Tax Expense
45,400
-56,100
Net Income
-78,500
-240,300
Explanation / Answer
Gross margin Sales-Cost of goods sold Year 1 gross margin $ 2,933,100 4969100-2036000 Year 2 gross margin $ 2,736,900 5157600-2420700 Change in gross margin $ (196,200) 2736900-2933100
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