Income statement data for winthrop company for two recent years ended december 31 are as follows: current year previous yearsales $2,280,000 $2,000,000cost of goods sold 1,960,000 1,750,000gross profit $320,000 $250,000selling expenses $156,500 $125,000administrative expenses 122,000 100,000total operating expenses $278,500 $225,000income before income tax $41,500 $25,000income tax expense 16,600 10,000net income $24,900 $15,000a. prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. (round percentages to one decimal place.) b. what conclusions can be drawn from the horizontal analysis?
Answers: 2
Business, 22.06.2019 20:50, payshencec21
Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.
Answers: 2
Income statement data for winthrop company for two recent years ended december 31 are as follows: c...
English, 20.08.2020 07:01
English, 20.08.2020 07:01
English, 20.08.2020 07:01