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1.
Amount Percent Amount Percent
Sales 1,500,000$ 1,250,000$
Cost of goods sold (510,000) (475,000)
Gross profit 990,000$ 775,000$
Selling expenses (270,000)$ (200,000)$
Administrative expenses (180,000) (156,250)
Total operating expenses (450,000)$ (356,250)$
Operating income 540,000$ 418,750$
2.
20Y2
20Y1
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Tri-Comic Company
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
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Instructions
Problem 16-2A
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0%
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1.
Amount Percent Amount Percent
Sales 1,500,000$ 100.0% 1,250,000$ 100.0%
2.
Problem 16-2A
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Solution
Section:
ON
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Instructions
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The vertical analysis indicates that the costs other than selling expenses (cost of goods sold and
For the Years Ended December 31, 20Y2 and 20Y1
Tri-Comic Company
Comparative Income Statement
20Y2
20Y1