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Is the company going is reverse or going ''forward

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Reference no: EM132992771

Put your 2021 income statement next to your 2020 income statement. Answer the following questions:

2020 Income Statement

Sales $210,000

COGS ($20,300)

Gross Margin $189,700

SG&A ($16,400)

Net Income $173,300

2021 Income Statement

Sales $235,000

COGS ($20,300)

Gross Margin $214,700

SG&A Expense ($16,400)

Net Income $198,300

Problem a. Is the company going in 'reverse' or going 'forward'?

Problem b. If the company is going 'forward' is it ACCELERATING (which means earnings growth)?

Problem c. If the company is accelerating, describe HOW it is accelerating

Reference no: EM132992771

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