The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following is a comparative income statements of Geraldo Corporation:
GERALDO CORPORATION
Comparative Income Statements
For Years Ended December 31, 2011 and 2010
2011 2010
Sales $ 1,053,000 $ 810,000
Cost of goods sold 526,500 405,000
Gross profit 526,500 405,000
Operating expenses 243,000 162,000
Net income $ 283,500 $ 243,000
Express the above comparative income statements in common-size percents. (Round your answers to 1 decimal place. Omit the "%" sign in your response.)
2011 2010
Sales 100.0 % 100.0 %
Cost of goods sold
Gross profit
Operating expenses
Net income % %
The company's situation in the most recent year has:
Improved
Worsened
Remained unchanged
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------