Answer to Question #242615 in Accounting for Ana

Question

The following data from a restaurant operation shows a partially completed comparative statement of comprehensive analysis for two consecutive years. Determine and fill in the missing values and percentages.






Changes


Year 2019

Year 2020

Pesos

%

Sales revenue
P 23,502

P

+ 1,110

+

Cost of sales revenue
9,208

9,438

+

+ 2.5%

Gross profit
P

P

+

+

Direct costs
10,202



+ 1,420

+

Contributory income
P

P 3,552

-

-

Indirect costs
2,477



-

- 3.0%

Operating income
P

P 1,149

-

-

Answer 1

Gross profit = Sales revenue - Cost of sales revenue

Contributory income = Gross profit - Direct costs

Operating income = Contributory income - Indirect costs

Changes = Year 2020 - Year 2019

% = Year 2020 / Year 2019 * 100 - 100