Albers Automotive
Comparative data for Albers Automotive for the two-year period 2009–2010 are presented below.
Income Statement Data
2010 2009
Net Sales $1,500,000 $1,200,000
Cost of Goods Sold 934,000 741,000
Gross Profit $ 566,000 $ 459,000
Operating Expense 376,000 277,000
Operating Income $ 190,000 $ 182,000
Other Expense (interest) 15,000 12,000
Earnings Before Income Tax $ 175,000 $ ...
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18 Mar 2016