accounting exercises 495043

2012 2011 431000 372350 200000 187550 99000 91050 8350 6850 307350 285450 123650 86900 2012 2011 1 1 0.46403712296983757 1 1 good student April Test Your Knowledge Student Name Course Name Student ID: Date: Requirements 1. Students please fill-in areas that are shaded Req. 1 Expenses: Cost of goods sold Net income MARINER DESIGNS, INC. Comparative Income Statement Year Ended December 31, 2012 and 2011 Net sales revenue Selling and general expenses Other expense Total expense 2. Selling and general expense Total expenses Req. 2 E15-16 Preparing common-size income statements LO 3 [10-15 minutes] Consider the data presented in Exercise 15-13. Data from Exercise 15-13 presented here for your convenience. Prepare a comparative common-size income statement for Mariner Designs, Inc., using the 2012 and 2011 data. Round percentages to one-tenth percent (three decimal places). To an investor, how does 2012 compare with 2011? Explain your reasoning. Accounting, 9e ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????