Question

McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 431,500 $ 371,150 Expenses: Cost of Goods Sold 201,550 Selling and Administrative Expenses 100,050 8,000 186,250 94,000 6,000 Other Expenses Total Expenses 309,600 286,250 $ 121,900 $ 84,900 Net Income

Answer 1

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Mc Commick decimandr Soes Horizardal Analysis of Comparative Income. Clodavant Years Endan December 31, 2018 4 29 kuchoch Account fiscentage Net Cakes Revenue 4,31,500 2,71,150 6,256 16:34 Cast of Goods Sold 201550 1,86,250 15,300 Selling & Admin Expe 1.000 9000 6,050 8.4% the Expl Kosa 2000 33:37. Total Expo 3,09,60912,86.250. 23,350 se acomer $1,21,90084,900 $ 37,000 43.6% Net Income increases (43.6%) more than the increase in not sales revenuse (16.3%) because the cost of goods sold 18.2%) and other exps. did not incoesse in the dance ratis as sales The increase in sales (16:34) is now than the increase in cast. 18.2%) to the effect is not Income is more than ancreases in sales. mey be because there is fixed cast in the Cast Structure which did not increase chen. Aales rainue increass.