Question

Please help with finding Part J (highlighted)

-Change vs 2015 represents the monetary amount vs. the year ago

All $000 % Sales Change vs 2015 % Ch. Fiscal Year2016 Year 3 17,690 Sales 100.0% $ 3,308 23.0% FY 2015 % Sales Change vs 2014 % Change FY 2014 % Sales Year 2 Year 1 $14,382 100.0% $ 2,688 23.0% $11,694 100.0% $ 7,806 181 2.4% C 65.2% Cost of Goods Sold 8,491 A $ 685 8.8% B Gross Profit $ 9,199 52.0% $ 2,623 39.9% $ 6,576 45.7% $ 2,507 61.6% 34.8% 158 Selling Expenses Front Office Salaries $ Depreciation 884 2,206 331 5.0% 12.5% 1.9% $ $ $ 21.8% 0.0% 9.5% $ $ $ 726 2.206 302 5.0% 15.3% 2.1% $ $ $ 147 627 25.4% 39.7% 158.1% $ 579 $ 1,579 $ 117 5.0% 13.5% 1.0% 29 185 Interest Expense 13.0% $ 200 9.5% $ 2,105 14.6% F G $ 351 3.0% 28 Auto Expense Office Supplies SG&A Sub $ 1.5% 1.0% 34.9% 177 6,168 $ $ $ 1.3% 240.2% 9.1% 125 515 $ 262 $ 52 $ 5,653 1.8% 0.4% 39.3% (6) $ $ $ 12.0% $ 234 -10.3% $ 58 93.7% $ 2,918 2.0% 0.5% 25.0% 2,735 Operating Income Taxes 3,030 460 2,570 17.1% 2.6% $ 14.5% $ 79 228.3% $ 20.7% $ 374.2% $ 923 381 542 6.4% $ 2.6% $ 3.8% $ (228) (94) (134) -19.8% -19.8% J $ 1,151 $ 475 $ 676 9.8% 4.1% 5.8% Net Income 2,028

Answer 1

Answer is given only for Part J as requirement is "Please help with finding Part J (highlighted)"

Answer Part J:

Part J = Change in net income in 2015 over 2014 / Net income of 2014

= -134 / 676 * 100

= -19.8%

Part J = -19.8%