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Category > Business & Finance Posted 29 Jul 2017 My Price 12.00

Revenue and expense data for Jazz-Tech

Revenue and expense data for Jazz-Tech Communications Co. are as follows:

 

2008

2007

Sales

$750,000

$600,000

Cost of goods sold

450,000

312,000

Selling expenses

120,000

126,000

Administrative expenses

105,000

84,000

Income tax expense

37,500

30,000
       

a. Prepare an income statement in comparative form, stating each item for both 2008 and 2007 as a percent of sales. Round to one decimal place.

b. Comment on the significant changes disclosed by the comparative income statement

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Status NEW Posted 29 Jul 2017 02:07 PM My Price 12.00

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