Revenue and Expense Data for Bluestem Company Are as Follows

question 56

Essay

Revenue and expense data for Bluestem Company are as follows:? $\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\\\text { Administrative expenses } & \$ 37,000 & \$ 20,000 \\\text { Cost of goods sold } & 350,000 & 320,000 \\\text { Income tax } & 40,000 & 32,000 \\\text { Sales } & 800,000 & 700,000 \\\text { Selling expenses } & 150,000 & 110,000\end{array}$ (a)Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales.
(b)Comment on significant changes disclosed by the comparative income statement.?Round percentages to one decimal place.

---

Definitions:

Scatterplot

A graph in which the values of two variables are plotted along two axes, allowing for the visualization of relationships or patterns between them.

Graphical Tool

Visual instruments like charts, graphs, and plots used for analysis and data presentation.

Variables

Elements or features that can vary among individuals or over time and are measured or controlled in scientific research.

IUPAC

The International Union of Pure and Applied Chemistry, an organization that sets standards for chemical nomenclature, terminology, and measurements.