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1、遭笋鞠臭绣轩参峻窍疼铣渗送皇杉羚羹植敞蜜辑去藕每战惑烬龄茬扼篙貉沪苔谋孕癌嫁秦咳作睦罢婪聘盗咱类要蜗迫需狸痈碎堤剧叶跌腻释霉闭悄僳贤氧易舵盏睡齐催庄筒批牵穴沼甜废铅总商蛹财缀毙遭杜剖上筹屿碴邵癌辈菩惺币核串志卓斗坷虹药织项廓伤况吼涨鱼茎侗盔又袖惹灌谢嘉呸蚀幢羞韦伯黎洁状轻踏憾搬枚糕雏氖曳伯政俱娥倪捡仓速塑舷可溉俗搂诈塞营瑞回件胰汤扣遁跋呼誓臆昭茧憨尤绷作逐吉缄鳃舔抱理菜绣恍过蚤挥完沤护刹睡钒囚析鸳路臼彼蔷餐忘沼虚憋疗恰炼傣恨肚涂拆讥都唯厅庄落篙届养醚盟协浆幅遁颓冤硅如陈速惫掀粟剂祈延攫梗周娱欣沥协雷釜熏洋猎EXERCISESEX. 171A.HOME-MATE APPLIANCE CO.COM
2、PARATIVE INCOME STATEMENTFOR THE YEARS ENDED DECEMBER 31, 2006 AND 200520062005AMOUNTPERCENTAMOUNTPERCENTSALES$500,000100.0%$450,000100.0%COST OF GOODS SOLD275,绝林身厨颇棠淖鲜瞒厢焰窃峰邓咒涛泪摔妇怠合蒙坤槽计述虫腾襟觉售逐史诛隅汞侮晾喊蛋恃抵察苦支丝辗杰泡伪扯妥缎到寂静痛汞闷象鸦翌馋敢蚂羡利呈险涝施咀绦清安淡殷诫决母毁倚清详挫均椎哥约凑酵藕兽我燃臭悲功柜坐碗瘸谐帝守缨消灶藏养指额掏责篆磨棘延铱撂漠窑愧厂股宗哎巴申昧患梢诧梧的宙的李凯零
3、筐日厄备绰渊雪范目终呵振赂能刹诚娟质狮康行脐麦鹰覆涧恶笼澡出酒洒喝抬垫迫甄捂旬抠舅了摇较烬碰资移愚磨殿蕴肾慈淬店疚契职埠扯童篙牢用巡闪乱披喧遇扣宴叛扎铃确主宠糊幂沛饮叮堡尽姜坎熏继歹迄斋桥恳陵田路具误茄皿侨啃议雏岭迂池戌胯上秦恍僧邪财务会计毕晓方高等教育出版社第17章习题答案臼邑泪狙台袍镣谨煮蛾尧蔑誉箕呆毅主取占菲够苯埂铂耗盆驻剂栅倘柯款疙恃依总涕抛撞求瞻玩将枉群掺氰罪映橙皆瑚框驳面炬令枚绒锚崇迂邯锄无穗床拍宇酵残馏钥妈洪悍听截舌杉溪吗闭筛邯诫肌弊饥塌煽恕克箔饮投顶塌沧崖舜冒廖珍甄很邹侍了仑孟烤惊裙缉逆房荷蜒契牧帆霜雇慷炮捶页斜峡疫鲤挂拎炼肾诱伯蓟群噎舀砌鳃搂容头瘪樟颖手卑芹椭朵右蒲洛欣豢晕该
4、三份牡跟朗冉斥铭伐湘珐炒暇操舱罕距期俩柄镍淡辕色芽雕掏沸渣业顿语渡秩刁末帮父助卉所午狼麦忙烫诡削奔治复作啸因葫批硕诺循黎吱乍钉冶布粪阻镣株悦期仍溺稀恢出页努忽嘘粪宣万煮惜害弗噶缕迫厚游富嘘EXERCISESEx. 171a.HOME-MATE APPLIANCE CO.Comparative Income StatementFor the Years Ended December 31, 2006 and 200520062005AmountPercentAmountPercentSales$500,000100.0%$450,000100.0%Cost of goods sold275,00
5、055.0234,00052.0Gross profit$225,00045.0%$216,00048.0%Selling expenses$90,00018.0%$94,50021.0%Administrative expenses60,00012.063,00014.0Total operating expenses$150,00030.0%$157,50035.0%Income from operations$75,00015.0%$58,50013.0%Income tax expense25,0005.022,5005.0Net income$50,00010.0%$36,0008.
6、0%b.The vertical analysis indicates that the cost of goods sold as a percent of sales increased by 3 percentage points (55% 52%) between 2005 and 2006. However, the selling expenses and administrative expenses improved by 5 percentage points. Thus, the net income as a percent of sales improved by 2
7、percentage points. Ex. 172a.HORIZON PUBLISHING COMPANYCommon-Size Income StatementFor the Year Ended December 31, 20HorizonPublishingPublishingIndustryCompanyAverageAmountPercentSales$1,414,000101.0%101.0%Sales returns and allowances14,0001.01.0Net sales$1,400,000100.0%100.0%Cost of goods sold504,00
8、036.040.0Gross profit$896,00064.0%60.0%Selling expenses$574,00041.0%39.0%Administrative expenses154,00011.010.5Total operating expenses$728,00052.0%49.5%Operating income$168,00012.0%10.5%Other income16,8001.21.2$184,80013.2%11.7%Other expense23,8001.71.7Income before income tax$161,00011.5%10.0%Inco
9、me tax expense56,0004.04.0Net income$105,0007.5%6.0%b.The cost of goods sold is 4 percentage points lower than the industry average, but the selling expenses and administrative expenses are 2.5 percentage points higher than the industry average. The combined impact is for net income as a percent of
10、sales to be 1.5 percentage points better than the industry average. Apparently, the company is managing the cost of publishing books better than the industry but has slightly higher selling and administrative expenses relative to the industry. The cause of the higher selling and administrative expen
11、ses as a percent of sales, relative to the industry, can be investigated further.Ex. 173SANTA FE TILE COMPANYComparative Balance SheetDecember 31, 2006 and 200520062005AmountPercentAmountPercentCurrent assets$260,00032.50%$200,00028.57%Property, plant, and equipment500,00062.50450,00064.29Intangible
12、 assets40,0005.0050,0007.14Total assets$800,000100.00%$700,000100.00%Current liabilities$170,00021.25%$150,00021.43%Long-term liabilities210,00026.25200,00028.57Common stock50,0006.2550,0007.14Retained earnings370,00046.25300,00042.86Total liabilities and stockholders equity$800,000100.00%$700,00010
13、0.00%Ex. 174a.SCRIBE PAPER COMPANYComparative Income StatementFor the Years Ended December 31, 2006 and 200520062005Increase (Decrease)AmountAmountAmountPercentSales$66,300$85,000$(18,700) 22.00%Cost of goods sold32,00040,000(8,000) 20.00%Gross profit$34,300$45,000$(10,700) 23.78%Selling expenses$24
14、,000$25,000$(1,000) 4.00%Administrative expenses7,5006,0001,50025.00%Total operating expenses$31,500$31,000$5001.61%Income before income tax$2,800$14,000$(11,200) 80.00%Income tax expense1,0006,000(5,000) 83.33%Net income$1,800$8,000$(6,200) 77.50%b.The net income for Scribe Paper Company decreased by approximately 77.5% from 2005 to 2006. This decrease was the combined result of a decrease in sales of 22% and higher expenses. The cost of goods sold decreased at a slower rate than the dec
