The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31 , 2016 if gross sales are $ 458 , 400 , sales returns and allowances are $ 13 , 200 , sales discount is $ 1 , 244 , merchandise inventory for Jan , 1 , 2016 is $ 198 , 700 , merchandise inventory for Dec .31 , 2016 is $ 76 , 400 , net purchases are $ 86 , 760 , freight in is $ 875 , salaries are $ 124 , 200 , rent is $ 21 , 000 , utilities are $ 1 , 780 , advertising is $ 5 , 400 , insurance is $ 2 , 340 , administrative expense is $ 14 , 500 , miscellaneous expenses are $ 6 , 000 and income tax is $ 17 , 335 .

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Answer 1

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Chapter 15.II, Problem 5TIE

To determine

To calculate: The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016 if gross sales are $458,400, sales returns and allowances are $13,200, sales discount is $1,244, merchandise inventory for Jan,1,2016 is $198,700, merchandise inventory for Dec.31,2016 is $76,400, net purchases are $86,760, freight in is $875, salaries are $124,200, rent is $21,000, utilities are $1,780, advertising is $5,400, insurance is $2,340, administrative expense is $14,500, miscellaneous expenses are $6,000 and income tax is $17,335.

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Answer 2

Question

Chapter 15.II, Problem 5TIE

To determine

To calculate: The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016 if gross sales are $458,400, sales returns and allowances are $13,200, sales discount is $1,244, merchandise inventory for Jan,1,2016 is $198,700, merchandise inventory for Dec.31,2016 is $76,400, net purchases are $86,760, freight in is $875, salaries are $124,200, rent is $21,000, utilities are $1,780, advertising is $5,400, insurance is $2,340, administrative expense is $14,500, miscellaneous expenses are $6,000 and income tax is $17,335.

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Answer 3

Question

Chapter 15.II, Problem 5TIE

To determine

To calculate: The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016 if gross sales are $458,400, sales returns and allowances are $13,200, sales discount is $1,244, merchandise inventory for Jan,1,2016 is $198,700, merchandise inventory for Dec.31,2016 is $76,400, net purchases are $86,760, freight in is $875, salaries are $124,200, rent is $21,000, utilities are $1,780, advertising is $5,400, insurance is $2,340, administrative expense is $14,500, miscellaneous expenses are $6,000 and income tax is $17,335.

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Answer 4

Question

Chapter 15.II, Problem 5TIE

To determine

To calculate: The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016 if gross sales are $458,400, sales returns and allowances are $13,200, sales discount is $1,244, merchandise inventory for Jan,1,2016 is $198,700, merchandise inventory for Dec.31,2016 is $76,400, net purchases are $86,760, freight in is $875, salaries are $124,200, rent is $21,000, utilities are $1,780, advertising is $5,400, insurance is $2,340, administrative expense is $14,500, miscellaneous expenses are $6,000 and income tax is $17,335.

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Answer 5

Chapter 15.II, Problem 5TIE

To determine

To calculate: The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016 if gross sales are $458,400, sales returns and allowances are $13,200, sales discount is $1,244, merchandise inventory for Jan,1,2016 is $198,700, merchandise inventory for Dec.31,2016 is $76,400, net purchases are $86,760, freight in is $875, salaries are $124,200, rent is $21,000, utilities are $1,780, advertising is $5,400, insurance is $2,340, administrative expense is $14,500, miscellaneous expenses are $6,000 and income tax is $17,335.

Answer 6

Chapter 15.II, Problem 5TIE

To determine

To calculate: The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016 if gross sales are $458,400, sales returns and allowances are $13,200, sales discount is $1,244, merchandise inventory for Jan,1,2016 is $198,700, merchandise inventory for Dec.31,2016 is $76,400, net purchases are $86,760, freight in is $875, salaries are $124,200, rent is $21,000, utilities are $1,780, advertising is $5,400, insurance is $2,340, administrative expense is $14,500, miscellaneous expenses are $6,000 and income tax is $17,335.

Answer 7

Chapter 15.II, Problem 5TIE

To determine

To calculate: The vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016 if gross sales are $458,400, sales returns and allowances are $13,200, sales discount is $1,244, merchandise inventory for Jan,1,2016 is $198,700, merchandise inventory for Dec.31,2016 is $76,400, net purchases are $86,760, freight in is $875, salaries are $124,200, rent is $21,000, utilities are $1,780, advertising is $5,400, insurance is $2,340, administrative expense is $14,500, miscellaneous expenses are $6,000 and income tax is $17,335.

Answer 8

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Answer 10

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Answer 11

Ch. 15.I - Use the following financial information to prepare...Ch. 15.I - Prob. 2TIE Ch. 15.I - Prob. 3TIE Ch. 15.I - Prob. 1RE Ch. 15.I - Prob. 2RE Ch. 15.I - Prob. 3RE Ch. 15.I - Prob. 4RE Ch. 15.I - Prob. 5RE Ch. 15.I - Prob. 6RE Ch. 15.I - Calculate the following values according to the...

Solution Summary: The author calculates the vertical analysis of an income statement for Royal Equipment Supply, Inc. for the year December 31,2016.

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