Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 46

Income Statement
Jasper Company provided the following information for last year:

Last year, beginning and ending inventories of work in process and finished goods equaled zero.
Refer to the information for Jasper Company above.
Required:
1. Prepare an income statement for Jasper for last year. Calculate the percentage of sales for each line item on the income statement. ( Note : Round percentages to the nearest tenth of a percent.)
2. CONCEPTUAL CONNECTION Briefly explain how a manager could use the income statement created for Requirement 1 to better control costs.