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Category > Accounting Posted 25 May 2017 My Price 7.00

Operating data for Jacobs Corporation are presented below.

 

Operating data for Jacobs Corporation are presented below.

   

2014

  

2013
Sales revenue   $842,700   $630,100
Cost of goods sold   528,700   409,300
Selling expenses   124,800   76,300
Administrative expenses   78,500   49,600
Income tax expense   38,000   29,600
Net income   72,700   65,300


Prepare a schedule showing a vertical analysis for 2014 and 2013. (Round percentages to 1 decimal place, e.g. 12.1%.)

JACOBS CORPORATION
Condensed Income Statement
For the Years Ended December 31
 

2014

  

2013
 

Amount

  

Percent

  

Amount

  

Percent

Sales

$842,700

  

%

  

$630,100

  

%

Cost of goods sold

528,700

  

%

  

409,300

  

%

Gross profit

314,000

  

%

  

220,800

  

%

Selling expenses

124,800

  

%

  

76,300

  

%

Administrative expenses

78,500

  

%

  

49,600

  

%

Total operating expenses

203,300

  

%

  

125,900

  

%

Income before income taxes

110,700

  

%

  

94,900

  

%

Income tax expense

38,000

  

%

  

29,600

  

%

Net income

$ 72,700

  

%

  

$ 65,300

  

%
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 25 May 2017 01:05 PM My Price 7.00

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file 1495720156-962136_1_636311935120702024_Vertical-analysis.xlsx preview (143 words )
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