Thursday
April 24, 2014

Homework Help: accounting

Posted by Anonymous on Thursday, January 10, 2013 at 5:27pm.

Income Statement Data:
This year Last year
Revenue $150,000 $120,000
Cost of Goods Sold $90,000 $60,000
Operating Income $10,000 $5,000
Income Tax Expense $1,800 $500
Based on a horizontal analysis of the data, which statement correctly identifies the company's performance
this year?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - 18. Balance sheet and income statement data indicate the following...
Accounting - How to write off assets on an income statement? Say the equipment ...
accounting - In 2002, construction work began on a three-year contract at a ...
college accounting - For its fiscal year ending October 31, 2010, Molini ...
comprehensive income - Can I please have help with the following problem. Bee ...
Accounting - How do you calculate the 'Capital stock at the end of the year' ...
Accounting - Ferguson Company was started in 2008 when it acquired $60,000 from ...
Accounting - When you offer services at a discount to specific clients, how do ...
accrual basis accounting vs. cash accounting basis - Can someone please check my...
accounting - Dsoft manufactures PC’s. The company’s Notebook Division reports ...

Search
Members