Solution-Calculate sheridans net income as a percent of

Calculate sheridans net income as a percent of sales

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Reference no: EM131178212

Brief Exercise 13-8

Vertical analysis (common-size) percentages for Sheridan Company's sales revenue, cost of goods sold, and expenses are listed here.

Vertical Analysis	2017	2016	2015
Sales revenue	100%	100%	100%
Cost of goods sold	61.4	64.9	65.7
Expenses	24.3	27.0	29.6

Calculate Sheridan's net income as a percent of sales.

Did Sheridan's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period?

Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are listed here.

Horizontal Analysis	2017	2016	2015
Sales revenue	96.2%	104.8%	100.0%
Cost of goods sold	101.0	98.0	100.0
Expenses	105.6	95.4	100.0

Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period.

Reference no: EM131178212

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Calculate sheridans net income as a percent of sales

Reference no: EM131178212

Reference no: EM131178212

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