Six Flags Entertainment Corp. reported the following revenue data (in $000s) in its 2017 annual report. Revenues Theme park admissions Theme park food, merchandise, and other Sponsorship, licensing, and other fees Accommodations Revenues Theme park admissions Prepare a trend analysis of Six Flags' revenue sources. (Round answers to 1 decimal place, e.g. 50.1%.) Theme park food, merchandise and other Sponsorship, licensing and other fees 2017 $741,275 Accommodations 524,582 78,096 15,121 2016 2015 2014 $715,413 $687,819 $641,535 521,167 500,190 460,131 66,329 59,133 57,250 16,489 16,796 16,877 2017 % % % % 2016 2013 $602,204 448,547 42,149 17,000 de xe Se % 2015

Manero Company included the following information in its annual report: 2019 2018 Sales $178,400 $162,500 102,500 Cost of goods sold 115,000 Operating expenses 50,000 50,000 Operating income 13,400 10,000 In a trend income statement for 2017, where 2017 is the base year, sales are expressed as: Multiple Choice 150.5% O100.0% 84,4% 92.6% 2017 $155,500 100,000 45,000 10,500

EXHIBIT 1: YALLA MOMOS INCOME STATEMENT FOR THE YEAR ENDING 2015 (IN AED)   Net Revenue 504,000     Expenses       Cost of food sales 151,200     Rent 68,000     Salaries 54,000     Administrative costs 23,000     Depreciation 30,200     Utilities 13,000     Miscellaneous expenses 15,800     Advertising costs 0     Interest 13,000     Net Profit 135,800       EXHIBIT 2: YALLA MOMOS PROJECTIONS FOR THE YEAR 2016 (IN AED)   Without expansion With expansion Rent 75,000 88,000 Salaries 61,400 75,000 Administrative costs 26,000 34,000 Depreciation 34,720 38,360 Utilities 14,000 19,000 Miscellaneous expenses 17,060 19,180 Advertising costs 8,000 12,000…

Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. TheDecember 31, 2018, year-end trial balance contained the following income statement items:Account Title Debits CreditsSales revenue 12,500,000Interest revenue 50,000Loss on sale of investments 100,000Cost of goods sold 6,200,000Selling expenses 620,000General and administrative expenses 1,520,000Interest expense 40,000Research and development expense 1,200,000Income tax expense 900,000Required:Calculate the company’s operating income for the year

Compare Income Statements and Balance Sheets of Competitors a. Following are selected income statements from two pharmaceutical companies, Pfizer and Dr. Reddy's, for their respective 2018 fiscal years. Express each income statement amount as a percentage of sales. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). Income Statement ($ millions) Sales Pfizer Dr. Reddy's $46,136 0% $1,876 09 Cost of goods sold 11,248 0% 1,009 0% Gross profit 34,888 0% 867 0% Total expenses Net income 26,841 $8,047 0% 0% 878 $(11) 0% 0% b. Following are selected balance sheets from two pharmaceutical companies, Pfizer and Dr. Reddy's, for their respective 2018 fiscal years. Express each balance sheet amount as a percentage of total assets. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). Balance Sheet ($ millions) Pfizer Dr. Reddy's Current assets $42,936 0% $1,448 0% Long-term assets Total assets 109,496 $152,432 0% 1,781 096 0% $3,229 09…

The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: Income Statement   Sales (net) $ 245,675 Cost of Goods Sold (67,500) Gross Profit $ 178,175 Operating expenses (125,000) Operating Income $ 53,175 Interest revenue 5,600 Interest expense (8,750) Income before taxes $ 50,025 Income tax expense (15,008) Net Income $ 35,017 Refer to Exhibit 5-2. Compute earnings-based interest coverage for Peace, Love, and Joy Company. 6.72 times 5.72 times 16.88 times 6.08 times

Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:                                                          Current Year              Previous YearSales                                                   $4,000,000                $3,600,000Cost of goods sold                              2,280,000                   1,872,000Selling expenses                                  600,000                      648,000Administrative expenses                      520,000                       360,000Income tax expense                             240,000                       216,000a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage.b. Comment on the significant changes disclosed by the comparative income statement.

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EXHIBIT 1: YALLA MOMOS INCOME STATEMENT FOR THE YEAR ENDING 2015 (IN AED)   Net Revenue 504,000     Expenses       Cost of food sales 151,200     Rent 68,000     Salaries 54,000     Administrative costs 23,000     Depreciation 30,200     Utilities 13,000     Miscellaneous expenses 15,800     Advertising costs 0     Interest 13,000     Net Profit 135,800       EXHIBIT 2: YALLA MOMOS PROJECTIONS FOR THE YEAR 2016 (IN AED)   Without expansion With expansion Rent 75,000 88,000 Salaries 61,400 75,000 Administrative costs 26,000 34,000 Depreciation 34,720 38,360 Utilities 14,000 19,000 Miscellaneous expenses 17,060 19,180 Advertising costs 8,000 12,000…

The following information is taken from the financial statements of Down Home Deli for the last three years. The owner, John Walton is quite pleased to see that his sales are growing steadily. 2018 2017 2016 Sales $ 61,500 $ 50,400 $ 42,000 Cost of goods sold 27,670 21,170 16,800 Operating income 7,530 6,050 4,620 Net income 3,075 4,030 2,940 Instructions: (a) Calculate gross profit margin, profit margin, and profit margin using operating income. (b) Comment on whether the Deli is, in fact, doing better over the three years as John believes.