Business, 10.12.2021 19:10 tareas7009

Here are the comparative income statements of Whispering Winds Corporation. WHISPERING WINDS CORPORATIONComparative Income StatementsFor the Years Ended December 31December 31, 2022 December 31, 2021Net sales$688,000 $576,000Cost of goods sold445,000 417,000Gross profit243,000 159,000Operating expenses145,000 108,000Net income$98,000 $51,000Prepare a horizontal analysis of the income statement data for Whispering Winds Corporation using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e. g. -55,000, -12.1% or (55,000), (12.1%). Round percentages to 1 decimal place, e. g. 12.1%.)WHISPERING WINDS CORPORATIONComparative Income StatementsFor the Years Ended December 31Increase or (Decrease) During 2022December 31, 2022 December 31, 2021 Amount PercentageNet sales$688,000 $576,000 %Cost of goods sold445,000 417,000 %Gross profit243,000 159,000 %Operating expenses145,000 108,000 %Net income$98,000 $51,000 %

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:50, josephvcarter

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Answers: 2

continue

Business, 22.06.2019 09:40, Tyrant4life

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?

Answers: 2

continue

Business, 22.06.2019 17:30, Envious1552

Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?

Answers: 2

continue

Business, 22.06.2019 17:50, nayelieangueira

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

Answers: 3

continue

You know the right answer?

Here are the comparative income statements of Whispering Winds Corporation. WHISPERING WINDS CORPORA...