Solution-Discuss cost of goods sold and expenses

Discuss cost of goods sold and expenses

Reference no: EM131812436

Vertical analysis (common size) percentages for Kochheim Company's sales, cost of goods sold, and expenses are shown below.

Vertical Analysis	2015	2014	2013
Sales	100.0	100.0	100.0
Cost of goods sold	46.6	51.3	53.7
Expenses	20.1	19.2	21.5

(a) Calculate net income.

	2015	2014	2013
Net income	167	170	175

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

Reference no: EM131812436

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Discuss cost of goods sold and expenses

Reference no: EM131812436

Reference no: EM131812436

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