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Other Fields Homework Help Accounting Topic started by: bravata on Feb 21, 2017



Title: The following is a common-sized Income Statement for Sigma and Chi Companies. (in thousands)Sigma ...
Post by: bravata on Feb 21, 2017
The following is a common-sized Income Statement for Sigma and Chi Companies.

(in thousands)   Sigma %   Chi %
Net Sales   100.0%   100.0%
Cost of Goods Sold   64.6%   60.8%
Gross Profit   35.4%   39.2%
Operating Expenses      
 Selling, General and Adm.   15.4%   15.3%
 Other   1.4%   1.5%
Income Before Income Tax   18.7%   22.4%
Income Tax Expense   2.7%   3.1%
Net Income   16.0%   19.3%

Which company has the best cost of goods sold percentage?
A) Not enough information is given to assess the question.
B) Sigma Company
C) Chi Company
D) Too close to make a solid determination.


Title: Re: The following is a common-sized Income Statement for Sigma and Chi Companies. (in ...
Post by: largerthanlife on Feb 21, 2017
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Title: Re: The following is a common-sized Income Statement for Sigma and Chi Companies. (in thousands)Sigma ...
Post by: bravata on Jul 12, 2017
Let me just say, you are awesome :D