Maurice Tutor

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Algebra,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jun 2018 My Price 7.00

analysis of the income statement

Conduct a vertical analysis of the income statement shown below. (Round to two decimal places.)

Trucker, Inc.

Income Statement

For the Year Ended December 31, 2017

Net Sales $7,000

Cost of Goods Sold 3,800

Gross Profit 3,200

Operating Expenses:

Selling Expenses 950

Administrative Expenses 670

Total Operating Expenses 1,620

Operating Income 1,580

Other Revenues and (Expenses):

Interest Revenue 0

Interest Expense (750)

Total Revenues and (Expenses) (750)

Income Before Income Taxes 830

Income Tax Expense 150

Net Income $680

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jun 2018 10:06 PM My Price 7.00

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