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Business, 01.09.2021 19:30 exoticbunnylover123

Piedmont Beverages, Inc. Income Statements for the Years Ended 12/31 2021 2020 (000's omitted) Year 2 % of Sales Year 1 % of Sales % Change Net Sales 240,000 100.00% 210,000 100.00% 14.29% Cost of Goods Sold 137,000 57.08% 104,000 49.52% Gross Margin 103,000 42.92% 106,000 50.48% Other Expenses Selling And Administrative 60,000 54,000 Other Expenses 15,000 12,500 Total Other Expenses 75,000 66,500 Income Before Taxes Income Taxes 7,000 9,875 Net Income Ratios for 2021 (Year 2) - use formulas: Current ratio Quick Ratio (Acid-Test) A/R turnover Average

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Piedmont Beverages, Inc. Income Statements for the Years Ended 12/31 2021 2020 (000's omitted) Year...
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