McKenzie Sales, Limited
Comparative Income Statement
Sales
Cost of goods sold
Gross margin
Selling and administrative expenses:
Selling expenses
Administrative expenses
Total expenses
Net operating income
Interest expense
Net income before taxes
This Year
$ 7,370,000
4,620,000
2,750,000
1,381,000
708,000
2,089,000
661,000
99,000
$ 562,000
Last Year
$ 5.601.200
3.515.000
2.086.200
1.074.500
616.500
1.691.000
395.200
87.000
$ 308.200
This Year
Sales
Cost of goods sold
Gross margin
Last Year
%
%
%
%
%
%
Selling and administrative expenses:
Selling expenses
%
%
Administrative expenses
%
%
Total selling and administrative expenses
%
%
Net operating income
%
%
Interest expense
%
%
Net income before taxes
%
%