JKJ Corporation has total revenue of $95,670 in 2021, $105,780 in 2022 and $115,100 in 2023. What is the horizontal percentage change for 2022, with 2021 as the base year? O 87.32% ○ 100% ⚫ 105.67% O 95.57% Save for Later Submit Answer
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- Assume the following sales data for a company: 2023 $966000 2022 871000 2021 696800 If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022? А. 25% В. 139% С. 125% D. 39%Net income for 2020 was P1.825.600.in 2021. it decreased by 53%. Still using the 2020 net income as the base year, by 2022, net income increased by 130%. Determine the net income for 2021 and 2022. respectively separate the valves by a commafollowed by a space :If Going Merry Inc. has a net income of P 200,000 and a net sales of P 5,050,000 during 2020; and a net income of P 225,000 and net sales of P 7,000,000 for the year 2021. What are the return on sales of Going Merry Inc. for the year 2020 and 2021?Choices (Format): Year - %; Year-% A. 2020 - 3.96%; 2021 - 3.21% B. 2020 - 3.21%; 2021 - 3.96% C. 2020 - 2.86%; 2021 - 4.46 % D. 2020 - 4.46%; 2020 - 2.86 %
- Which is an example of horizontal analysis? A. Operating income amounts to P20,000. B. Acurrent ratio of 1:2 is established. C. Rent income in 2021 is 15% greater than in 2020. D. Advertising expense in 2021 is 6% of sales.Assume the following sales data for a company: 2022 $990000 2021 866640 2020 690000 If 2020 is the base year, what is the percentage increase in sales from 2020 to 2021? O 143% 126% 43% 26%If Going Merry Inc. has a net income of P 200,000 and a net sales of P 5,050,000 during 2020; and a net income of P 225,000 and net sales of P 7,000,000 for the year 2021. What are the return on sales of Going Merry Inc. for the year 2020 and 2021?Choices (Format): Year - %; Year-% * 2020 - 3.96%; 2021 - 3.21% 2020 - 3.21%; 2021 - 3.96% 2020 - 2.86%; 2021 - 4.46 % 2020 - 4.46%; 2020 - 2.86 %
- Carla Vista Company’s 2025 financial statements contain the following selected data: Income taxes $39000 Interest expense 25000 Net income 61000 Carla Vista’s times interest earned for 2025 is Select answer from the options below 3.4 times. 2.4 times. 5.0 times. 4.0 times.3.Net income for 2020 was P1,825,600. In 2021, it decreased by 53%. Still using the 2020 net income as the base year, by 2022, net income increased by 130%. Determine the net income for 2021 and 2022, respectively. (separate the values by a comma followed by a space ", ")How much is the gross profit realized in 2019? A. P1,600,000 B. P1,350,000 C. P500,000 D. P250,000
- Chupapi Inc. has a gross profit ratio of 16.67 % for the year 2020. If Chupapi Inc. has gross profit of P 1,090,000 and P 6,000,000 net sales on year 2021, What would be the gross profit margin of Chupapi Inc, during 2021? * 36.33% 18.17 % 16.57 % O 15. 76 %help meApplying horizontal analysis, show the percentage change from 2019 to 2020 with 2019 as the base year. Comparative data for Why Is Everything Chrome's corporation for the two-year period 2019-2020 are given as follows: Income Statement Data 2019 2020 P 1,400,000.00 840,000.00 560,000.00 P 800,000.00 440,000.00 360,000.00 130,000.00 30.000.00 P 200,000.00 80.000.00 P 120,000.00 Net sales Cost of goods sold Gross profit Selling, general, and other expenses Income tax expense Net income 400,000.00 40,000.00 P 120,000.00 80,000.00 P 40.000.00 Dividends paid Net increase in retained earnings Balance Sheet Data 2019 2020 Assets P 540,000.00 800.000.00 P1.340.000.00 P 440,000.00 720.000.00 P1.160,000.00 Current assets Land, buildings, and equipments Total assets Liabilities and stockholder's equity Current liabilities 300,000.00 320,000.00 480,000.00 240.000.00 P1,340,000.000 240,000.00 320,000.00 400,000.00 200,000.00 P 1,160,000.00 P P Bonds payable (8%) Common stock (P5 par) Retained…