Net profit

calculate the missing numbers such as net sales, gross profit, etc and the amount of the increase/decrease for all numbers given as well as the percentages.  In addition, calculate the return on investment, profit margin and investment turnover for year xxx2.  provide a brief analysis of what you have discovered about this company based on your calculations.

Sheet

1

S

A

MPLE INC.

Comparative Income Statement

For the Years Ended December

3

1, xxx

2

and

xxx1 Increase (Decrease) xxx2

xxx1

Amount Percent

Sales

6

32,000

5

00,000

Sales returns and allowances

12,200 10,000 Net sales Cost of goods sold

35

7

,000 3

4

5,000

Gross profit Selling expenses

15

8

,000

154,000 Administrative expenses 20,000 22,000 Total operating expenses Income from operations Other income 8,000 6,000 Income before income tax Income tax expense 35,264

26,

9

80

Net income Investment is 4,000,000 Calculate Return on Investment for XXX2 Profit Margin Investment turnover Analysis:

Sheet2

Sheet3

1
2
3
4
5
6
7
8
9
A

B

SAMPLE INC.

Comparative Income Statement

For the Years Ended December 31, xxx2 and xxx1

Sales
Sales returns and allowances