Question

x 0. Why is college so ex Legal Assistant Jobs X CS Start your real estatx Mail - drober24 - o * C Sol ewconnect.mheducation.com/flow/connect.html Homework i Walton Corporation reported the following operating results for two consecutive years Required a. Compute the percentage changes in Walton Corporation's income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (.e., .234 should be entered as 23.4) WALTON CORPORATION Income Statements Year 3 Year 2 Percentage Cost of oos volg Gross margin Operating expenses Income before income taxes Net income foss) $ 1.200.000 11004500 700 270 0 02.700 4 00.730 401.800 304000 1 08 000 105.730 2 05.000 61.800 82300 3 139.00 3 153.500 Type here to search hp

Answer 1

Sales Year 3 Year 2 $ 1.298,000.00 $ 1,004,500.00 Cost of goods Sold $ 798,270.00 $ 602,700.00 Gross Margin $ 499.730.00 $ 401.800.00 Operating Expenses $ 304,000.00 $ 196,000.00 Income before taxes $ 195,730.00 $ 205,800.00 Income Taxes $ 61,800.00 $ 52,300.00 Net Income(Loss) $ 133,930.00 $ 153,500.00 Percentage Change 29.22% 32.45% 24.37% 55.10% -4.89% 18.16% 12.75% | Percentage is calculated from year 2 to year 3