Strider Outfitters declared and paid a cash dividend of $ in the current year. Its comparative financial statements, prepared at December reported the following summarized information:
points
References
Print
Income Statement
Sales Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Interest Expense
Income before Income Tax Expense
Income Tax Expense
Net Income
Balance Sheet Cash
Accounts Receivable, Net
Inventory
Property and Equipment, Net
Total Assets
Accounts Payable
Income Tax Payable
Notes Payable longterm
Total Liabilities
Common Stock par $
Retained Earnings
Total Liabilities and Stockholders' Equity
Current Year Previous Year
table$$ Complete this question by entering your answers in the tabs below.
Required Required Required Required Required Required Required Required
a Compute the gross profit percentage in the current and previous years. Round percentage values to decimal place.
b Are the currentyear results better, or worse, than those for the previous year?
a Current Year
a Previous Year
b Current year gross profit percentage?
