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Accounting

Problem

Operating data for Jacobs Corporation are presented below.

2014 2013

Sale Revenue $800,000 $600,000

COGS $520,000 $408,000

Selling Expenses $120,000 $72,000

Adminstrative expenses $60,000 $48,000

Income Tax Expenses $30,000 $24,000

Net Income $70,000 $48,000

Instructions:

Prepare a schedule showing a vertical analysis for Jacobs Corporation.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92771841

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