Year 1 Year 2 Year 3 Year 4 $ % $ % $ % $ % Net sales $500,000.00 100.00% 540,000.00 100.00% 577,800.00 100.00% 612,468.00 100.00% Cost of goods 265,000.00 Gross margin 235,000.00 Operating expenses 210,000.00 Operating profit 25,000.00

Year 1 Year 2 Year 3 Year 4 $ % $ % $ % $ % Net sales $500,000.00 100.00% 540,000.00 100.00% 577,800.00 100.00% 612,468.00 100.00% Cost of goods 265,000.00 Gross margin 235,000.00 Operating expenses 210,000.00 Operating profit 25,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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I'm trying to see what am I doing wrong on this spreadshit:

	Year 1		Year 2		Year 3		Year 4
	$	%	$	%	$	%	$	%
Net sales	$500,000.00	100.00%	540,000.00	100.00%	577,800.00	100.00%	612,468.00	100.00%
Cost of goods	265,000.00
Gross margin	235,000.00
Operating expenses	210,000.00
Operating profit	25,000.00

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