YEAR 1 YEAR 2 Net Sales 9,937,650 12,937,000 Less: Cost of Goods Sold 3,387,650 4,295,000 Gross profit 6,550,000 8,012,000 Less: Expenses Salaries Expense 3,410,000 3,938,500 Rent Expense 960,000 1,050,000 Insurance Expence 250,000 310,750 Utilities Expense 160,000 175,500 Miscellaneous Expense Advertising Expense Supplies Expense Depreciation Expense- Office Equipment 80,000 97,800 140,000 155,000 180,000 160,000 60,000 198,000 185,000 Interest Expense 68,500 Net Income 1,150,000 1,832,950

Using the information from 27A prepare the following ratios: gross profit margin profit margin return on assets earnings per share current ratio acid test ratio debt ratio Indicate what each is used for (ie: measuring efficiency, solvency etc)

List five ratios that are automatically provided by the vertical analysis of income statements.

outline and describe the main components of income statement that analysts should consider in their analysis.

Discuss the following profitability ratios: Profit Margin, ROA-Return on Assets, ROI-Return on Investment, and the Gross Margin.

which of the following comes first in the income statement O a. finance cost O b. gross profit O C. C. cost of sales O d. distribution cost

Name four items that would ot apper in the projected income statement

List the components of a statement of comprehensive income statement.

when putting together an income statement do the revenues and expenses have to put in order from highter amount to lowest?

Vertical analysis reports the amount of each item in a statement as a percentage of a designated total.  True or false?