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_.- — -..-...--. __ ... "_. -..--_".- --..._..._ '- .-_ -.._- ..." _- ""l" v. ""'l'"""° - 1. Using the information below, prepare a vertical...

This question was created from QRB501_r11_Week_6_Balance_Sheets_and_Income_Statement.xlsx https://www.coursehero.com/file/33244908/QRB501-r11-Week-6-Balance-Sheets-and-Income-Statementxlsx/

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what is operating ration?

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. —. _ —- -—-..-_l_-__-. __ ... {-n. __-....__-_-—-... —--—-.._-...._- nw...r.—-— _..__ ..... _-_- "'""I""" .—-. '-"'I'""""fl _. 1. Using the information below, prepare a yertical analysis for the income statement for 201?
2. Using the information below, prepare a horizontal analysis of the income statement from 2
3. In which areas, if any, has the company seen increases since 2016?
4. In which areas, if any, has the company seen decreases since 2016? 5. pompute the following ratio and show the answer to two digits past the decimal. Use an E1 ratio.
Operating ratio: 6. Using table 21—1, how would you interpret this ratio? Artie's Painting
Income Statement
For the Years Ending December 31, 2016 and 201? 201? 2016
Net sales $24,?33 $23,642
Cost of goods sold 15,323 14,233I
Gross profit 9,466 2,403
Operating expenses 3,8?3 3,?02 Netincome 5,593 5,?01

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Operating Ratio = Operating Expenses / Net Sales The ratio signifies the ability of... View the full answer

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