Essay On Sales Revenues-Cost

Astrotech Company Case 1-3ASTROTECH COMPANYYear 1Year 2Year 3Year 4Sales$12,011.00$11,968.00$11,545.00$10,000.00Cost of Goods Sold$(3,011.00)$(2,992.00)$(2,886.00)$(2,500.00)Gross Margin$9,000.00$8,976.00$8,659.00$7,500.00Other Expenses$(6,201.00)$(6,429.00)$(6,296.00)$(5,454.00)Profit before taxes$2,799.00$2,547.00$2,363.00$2,046.00Tax expenses$(1,120.00)$(1,019.00)$(945.00)$(819.00)Net Income$1,679.00$1,528.00$1,418.00$1,227.00BY CALCULATING THE DIFFERENCE OF SALE AMOUNT EACH YEAR, WE WILL KNOW THE DIFFERENCE OF PERCENTAGE EACH YEAR.THE PERCENTAGE OF YEAR 4 IS 13,38%BASIC ACCOUNTING AQUATIONGROSS MARGIN=SALES REVENUES-COST OF SALESREVENUE/PROFIT-EXPENCES=NET INCOMEMICROTECH COMPANYYear 1Year 2Year 3Year 4Current Assets$113,624.00$90,442.00$85,124.00$60,090.00Noncurrent Assets$410,976.00$198,014.00$162,011.00$151,021.00Total.