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1.
Amount Percent Amount Percent
Sales 1,300,000$ 1,180,000$
Cost of goods sold (682,500) (613,600)
Gross profit 617,500$ 566,400$
Selling expenses (260,000)$ (188,800)$
Administrative expenses (169,000) (177,000)
Total operating expenses (429,000)$ (365,800)$
Operating income 188,500$ 200,600$
Other revenue 78,000 70,800
2.
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Problem 16-2B
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20Y2
20Y1
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The net income as a percent of sales has declined. All the costs and expenses, other than selling
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Problem 16-2B
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