Business
Business, 02.07.2019 02:20, sanakhalid9728

The following are line items from the vertical analysis of an income statement: amount percent total revenues $600 300% total expenses 400 200 net income $200 100% what needs to be changed on the statement? a. the percentage for net income should 25%. b. total revenues should be the base expressed as 100%. c. the percentage for total expenses should be 33%. d. none of these changes should be made.

answer
Answers: 3
Show answers

Similar questions

Предмет
Business, 16.07.2019 18:10, suieemage
The vertical analysis of the income statement of bates, inc. is as shown below: bates, inc. comparative income statement years ended december 31, 2019 and 2018 bates, inc. comparative income statement years ended december 31, 2019 and 2018 (in millions) 2019 percent of total 2018 percent of total net sales $6,355 100.0% $4,920 100.0% cost of goods sold 3,370 53.0 2,200 44.7 gross profit 2,985 47.0 2,720 55.3 operating expenses: selling expenses 675 10.6 580 11.8 administrative expenses 410 6.5 425 8.6 total operating expenses 1,085 17.1 1,005 20.4 operating income 1,900 29.9 1,715 34.9 other income and (expenses): interest expense (400) (6.3) (695) (14.1) total other income and (expenses) (400) (6.3) (695) (14.1) income before income taxes 1,500 23.6 1,020 20.7 income tax expense 230 3.6 210 4.3 net income $1,270 20.0% $810 16.5% the figure 47.0% shown for gross profit in 2019 signifies that the gross profit is
Answers: 2
continue
Предмет
Business, 06.10.2019 07:01, hflores0001
Find the missing data. cinnamon and spice, inc. income statement for the year ended december 31, year 3 revenues sales revenue $ 3,000,000 service revenue 810,200 total revenues unknown expenses salaries and wages expense 1,314,900 advertising and promotion expenses 482,200 other selling and administrative expenses unknown interest expense 225,600 income tax expense 117,700 other expenses 253,700 total expenses 3,445,600 net income unknown multiple choice total revenues are $3,810,200, other selling and administrative expenses are $1,051,500, and net income is $364,600. total revenues are $2,495,300, other selling and administrative expenses are $1,051,500, and net income is ($950,300). total revenues are $3,810,200, other selling and administrative expenses are $364,600, and net income is $7,255,800. total revenues are $364,600, other selling and administrative expenses are $3,081,000, and net income is $7,255,800.
Answers: 2
continue
Предмет
Business, 07.10.2019 19:20, ydesoto0513
Vertical analysis of income statement the following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of speedway motorsports, inc., owner and operator of several major motor speedways, such as the atlanta, texas, and las vegas motor speedways. current year previous year revenues: admissions $100,694 $100,798 event-related revenue 146,980 146,849 nascar broadcasting revenue 217,469 207,369 other operating revenue 31,320 29,293 total revenues $496,463 $484,309 expenses and other: direct expense of events $104,303 $102,196 nascar event management fees 133,682 128,254 other direct expenses 19,541 18,513 general and administrative 177,926 194,120 total expenses and other $435,452 $443,083 income from continuing operations $61,011 $41,226 a. prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. enter all amounts as positive numbers. (note: due to rounding, amounts may not total 100%).
Answers: 1
continue
Предмет
Business, 09.10.2019 16:30, maddiemalmstrom
The vertical analysis of the income statement of settler, inc. is as shown below: (in millions) 2019 percent of total 2018 percent of total net sales $6,355 100.0% $4,920 100.0% cost of goods sold 3,370 53.0 2,200 44.7 gross profit 2,985 47.0 2,720 55.3 operating expenses: selling expenses 675 10.6 580 11.8 administrative expenses 410 6.5 425 8.6 total operating expenses 1,085 17.1 1,005 20.4 operating income 1,900 29.9 1,715 34.9 other income and (expenses): interest expense (400) (6.3) (695) (14.1) total other income and (expenses) (400) (6.3) (695) (14.1) income before income taxes 1,500 23.6 1,020 20.7 income tax expense 230 3.6 210 4.3 net income $1,270 20.0% $810 16.5% the 20% shown for net income in 2019 signifies that net income
Answers: 2
continue
Do you know the correct answer?
The following are line items from the vertical analysis of an income statement: amount percent tota...

Questions in other subjects:

Konu
English, 21.01.2020 08:31
Which statement best represents the power of the modern-day monster on readers? a. they cause readers to fear those in society who are different from them....
Konu
Mathematics, 21.01.2020 08:31
What are the answers to these questions?...
Konu
Mathematics, 21.01.2020 08:31
Five more than the product of a number and 4 is equal to 8...
Konu
Mathematics, 21.01.2020 08:31
Melanies superhero costume for the school play requires 1 5/6 yards of green fabric and 1/3 yard of yellow fabric. how many total yards of fabric are needed for the costume?...
Konu
Chemistry, 21.01.2020 08:31
How many grams of iron (3)sulfide are produced when 131 grams of iron react with excess sulfur? how many grams of al will completely replace 25.5 grams of cu when alum...
Konu
Mathematics, 21.01.2020 08:31
Let p: the whole number has one digit let q: the whole number is less than 10 which represents "the whole number has one digit if and only if the whole number is less...
Konu
Chemistry, 21.01.2020 08:31
How many atoms are in 20.6 moles of curium...
Konu
Mathematics, 21.01.2020 08:31
What is the answer to this question?...
Konu
History, 21.01.2020 08:31
What is another way to say that tribes have the ability to make their own laws for their own governments, and practice their own traditions and life ways...
Konu
Mathematics, 21.01.2020 08:31
It takes lucas 3 hours to cycle from his home to his friend's village. but if he travels 5 mph slower, it will take him 1.5 hours longer. how far is the friend's village from lucas...
Other tasks in the category: Business More task
See results (0)