Montana Company reported the following operating results for Year 1 and Year 2:Required:Express each income statement component for each year as a percentage of sales. Round your answer to one decimal place (i.e. 22.5%)

What will be an ideal response?




Business

You might also like to view...

Each of the following would affect the break-even point except a change in the:

a. Variable cost per unit. b. Total fixed costs. c. Sales price per unit. d. Number of units sold.

Business

The balance in the office supplies account on June 1 was $6,300, supplies purchased during June were $3,100, and the supplies on hand at June 30 were $2,500. The amount to be used for the appropriate adjusting entry is

A) $3,700 B) $11,900 C) $5,700 D) $6,900

Business

A bond with a par value of $1,000 trading at 97 ½ sells for a premium.

Answer the following statement true (T) or false (F)

Business

Carson Inc Carson Inc had the following information available at the end of its current year: Sales $2,000,000 Net operating income 500,000 Average operating assets 1,200,000 Refer to the Carson Inc information above. What was Carson's return on investment (ROI) for the year?

A) 2.4% B) 41.7% C) 25.0% D) 166.7%

Business