Acc problems

Brief Exercise 13-8 Vertical analysis (common-size) percentages for Sheridan Company’s sales revenue, cost of goods sold, and expenses are listed here. Vertical Analysis 2017 2016 2015 Sales revenue 100 % 100 % 100 % Cost of goods sold 61.4 64.9 65.7 Expenses 24.3   27.0   29.6   Warning Don't show me this message again for the assignment Ok   Cancel

Calculate Sheridan’s net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2.) 2017 2016 2015 Net income Warning Don't show me this message again for the assignment Ok   Cancel   Link to Text

Did Sheridan’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Sheridan’s net income as a percent of sales Warning Don't show me this message again for the assignment Ok   Cancel   Link to Text

Horizontal analysis (trend analysis) percentages for Phoenix Company’s sales revenue, cost of goods sold, and expenses are listed here.

Horizontal Analysis		2017		2016		2015
Sales revenue		96.2	%		104.8	%		100.0	%
Cost of goods sold		101.0			98.0			100.0
Expenses		105.6			95.4			100.0

Explain whether Phoenix’s net income increased, decreased, or remained unchanged over the 3-year period.

* this was my answer JUMA*

Net income increased in 2016 because of the combination

of an increase in sales and decrease in both the cost of

goods sold and expenses. In 2017 sales decreased& both

the cost of goods sold & expenses increased. there was a

decrease in net income