Express the following comparative income statements in common- size percents and assess whether or not this company’s situation has improved in the most recent year.
5 points)

Comparative Income Statements
For Years Ended December 31, 2009 and 2008
2009 2008
Sales . . . . . . . . . . . . . . . . . . $ 657,386 $ 488,400
Cost of goods sold . . . . . . . . 427,301 286,202
Gross profit . . . . . . . . . . . . . 230,085 202,198
Operating expenses . . . . . . . 138,051 94,750
Net income . . . . . . . . . . . . . $ 92,034 $ 107,448

Respond Below: 2009 2008

Cost of goods sold
Gross Profit
Operating expenses
Net income

asked by Renee

Respond to this Question

First Name

Your Response

Similar Questions

  1. acc/220

    Write a 350- to 700-word paper describing a balance sheet, an income statement, a retained earnings statement, and a statement of cash flows. How does a company use these financial statements to make future business decisions? Use
  2. Accounting

    Stuck on a few questions from my Accounting class. If anyone can help; I would be really grateful! 32. Of the following accounts, which might appear in the adjusted trial balance, but not in the post-closing trial balance? A.
  3. Managerial Accounting

    Please give an example of how you would use each of the financial reports (income statements, balance sheets, CVP income statements, statement of cash flows, and retained earnings statements) in order to make a business decision.
  4. chemistry

    Express the composition of each of the following compounds as the mass percents of its elements...? 59) Express the composition of each of the following compounds as the mass percents of its elements. a) formaldehyde, CH2O b)
  5. Accounting urgent Edit

    The management of Stampfer Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2007 the accounting records show these data. Inventory, January 1 (10,000 units) $35,390
  6. accounting

    BLT produces plastic that is used for injection molding applications such as gears for small motors. In 2012, the first year of operations, BLT produced 6,492 tons of plastic and sold 5,410 tons. In 2013, the production and sales
  7. accounting

    Can anyone tell me how a company uses comparative statements in their financial statements?
  8. accounting

    Hi! I can't figure out this question...any help is greatly appreciated! In a common size financial statement, which of the following is given a percentage of 100 percent? a. total liabilities b. total assets c. net income d. cost
  9. s.s

    With regards to the mining and agriculture industry, in the nineteenth century, which of the following statements is false? A. specialization became more common. B. Private investment grew. C. Large companies tried to be
  10. Principles of Accounting I

    Deliverable Length: 5-10 PowerPoint slides / can include an Excel file for financial analysis Details: Choose a public company in the food industry. Analyze the financial statements and assess whether the financial performance has

More Similar Questions