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problem: Financial information for Blevins Inc. is given below.

 

2009

2008

 

Amount

Amount

Sales

$750,000

$600,000

Cost of goods sold

465000

390000

Gross profit

$285,000

210000

Selling expenses

120000

72,000

Administrative expense

$60,000

54,000

Income before tax

$105,000

84,000

Income tax expense

$33,000

24,000

Net income

$72,000

60,000

Make a schedule showing a vertical analysis for 2009 and 2008.
Make horizontal analysis.
Make vertical analysis.

 

 

 

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922519

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