ScholarMatic: Explanation & Answer
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Show transcribed image text 1) Comparative statements for Warmer Corporation are shown below: Warmer Corporation Comparative Income Statements For the vears ended December 31 2014 $13,994 18,375 5,619 3,487 2016 2015 Sales $14,800 $13,229 Cost of goods 58,661 Gross profit 6,575 4,568 Operating expenses 3664 Operating ncome $992 alculate trend percentages for all income statement amounts shown and comment on the results. Use 2014 as the base year. Comment on the results.
1) Comparative statements for Warmer Corporation are shown below: Warmer Corporation Comparative Income Statements For the vears ended December 31 2014 $13,994 18,375 5,619 3,487 2016 2015 Sales $14,800 $13,229 Cost of goods 58,661 Gross profit 6,575 4,568 Operating expenses 3664 Operating ncome $992 alculate trend percentages for all income statement amounts shown and comment on the results. Use 2014 as the base year. Comment on the results.
ScholarMatic: Explanation & Answer
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