Reference no: EM132974369
Below are the income statements of Mabuhay and Paperless Publications for the current year:
Mabuhay Paperless
Net sales revenue Php 243,500 100.00% Php 250,000 100.00%
COGS 200,000 82.14% 197,500 79.00%
Gross Profit 43,500 17.86% 52,500 21.00%
Selling/Gen Expenses 15,000 6.16% 25,000 10.00%
Income from operations 28,500 11.70% 27,500 11.00%
Income tax expense 8,550 3.51% 8,250 3.30%
Net Income Php 19,950 8.19% Php 19,250 7.70%
Problem 1: Which firm has the better relationship between net income and net sales revenue?
Select one:
a. Cannot be determined
b. Mabuhay
c. Both have the same relationship
d. Paperless
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