Electronics Industry Average Tannenhill Company Sales $4,000,000 100% Cost of goods sold Gross profit 2,120,000 $1,880,000 40% Selling expenses $1,080,000 24% Administrative expenses 640,000 14 Total operating expenses $1,720,000 38% $ 160,000 Operating income 2% Other revenue 120,000 3 $ 280,000 5% Other expense 80,000 2 $ 200,000 Income before income tax 3% Income tax expense 80,000 2 $ 120,000 Net income 1%

Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Computer services revenue $ 25, 364 Net sales (of goods) 18, 138 Total sales and revenue 43, 502 Cost of goods sold 15, 644 Net income 19, 551 Quick assets 90, 356 Current assets 97, 288 Total assets 121, 816 Current liabilities 820 Total liabilities 820 Total equity 120, 996 Required: Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Compute the current ratio and acid - test ratio. Compute the debt ratio and equity ratio. What percent of its assets are current? What percent are long term?

What is the current assets for each company? What are the short term investments for each company? What is the average account receivable for each company? What is the average inventory for each company?

A single-step income statement follows. Present the information in a multistep income statement, and indicate what insights can be obtained from the multistep form as opposed to the single-step form.

Suppose the following historical data is from the consolidated income statements filed by a media corporation. *attached chart* B: Prepare a vertical analysis of the costs and expenses for 2013. (Round percentages to one decimal place.) *chart attached*

Using the attached financial statements attached, ratios need to be calculated for all boxes that are greyed out.  Please provide details of how these ratios are calculated.

A condensed income statement for Weber Associates and a partially completed vertical analysis follow. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of net revenues. TIP: In the prior year, Cost of Goods Sold was 31 percent of Net Revenues, computed as ($1,397 ÷ $4,571). 2. Does Cost of Goods Sold, as a percentage of Net Revenues, represent better or worse performance in 2019 as compared to 2018? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the vertical analysis by computing each missing line item as a percentage of net revenues. TIP: In the prior year, Cost of Goods Sold was 31 percent of Net Revenues, computed as ($1,397 ÷ $4,571). (Decreases should be indicated by a minus sign. Round your answers to the nearest whole percent.) Net Revenues Cost of Goods Sold Research and Development Expense Sales and Marketing Expense General and Administrative Expense Income from Operations Other…

How do I make a tabular format, to provide the revenues, gross profit, income from operations, net income, and earnings per share for the most recent three fiscal years. For the two most recent fiscal years, compute and indicate the annual percentage growth (or decline) in each of these numbers?

Income statements illustrate what revenues the firm collects, the expenses required to support revenues, and the firm's profitability over a specified period of time. While balance sheets are a "snapshot" of the firm's status on a specific date, income statements reflect performance over a period of time. Publicly held companies generate income statements every quarter (three months) and for their annual report. INCOME STATEMENT (Thousands of dollars) Net revenues - Cost of goods sold - Operating expenses - Research & development expense Operating costs excluding depreciation - Depreciation and amortization expense Operating income (EBIT) - Interest expense Taxable income - Taxes Net income - Preferred dividends Net income available to common shareholders Dividends Addition to retained earnings The gross margin for this fictional company is: O 14.7% O 9.2% 18.2% 60.3% O 33.3% $ $ On the income statement, interest expense is $ Wages are considered a(n) $ $ In this example, the firm pays…

Create a comparative financial statement from the following: