Question

Baird Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Baird 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).) BAIRD CORPORATION Income Statements 2018 2017 $1,296,000 $1,001,500 797,040 600,900 498,960 400,600 Percentage Change 29.4 326 24.6 Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income loss) 302,500 198,500 (972) * 196,460 61,500 134,960 202,100 52,600 $ 149,500 16.9 $ (90.3)

Answer 1

solution BAIRD CORPORATION In come statements 2018 2017 percentage change 2914% 1296000 1001500 792040 600900 32.6% 24.6 % 498960 400600 salez cost of goods sold Gross Margin operating expense Income before taxes Income taxes Net Im soche (Loss) 302500 198500 52.4 % 196460 202100 61500 52600 16.9% 134960 149500 -- 9.7 % percentage change = LAmount in 2018 - Amount in 2011) Amount in 2017