***Only need one of these assignments***
Assignment Choice #1
In this module, you were introduced to the income statement and profitability ratios. In this assignment, you will use this information to create an income statement and then analyze it for profitability. Selected accounts for Jackson, Inc. are listed below along with their balances before closing the year of 12/31/12. Jackson, Inc. is a firm that manufactures wireless mouse systems for laptops. Use this information to complete the required elements below.
Cost of goods sold
Gain on sale of equipment
Loss from fire
Retained Earnings (1/1/12 balance)
1Dividends were declared and paid to Jackson, Inc. stockholders
Gross profit margin
Operating income margin
Net profit margin
The following links provide sample formatting for income statements and statements of retained earnings.
Submit your spreadsheet in the Module 3 folder. Ensure your work is accurate and reflects CSU-Global Guide to Writing and APA Requirements, following APA style, and properly referenced.
Assignment Choice #2
After reading case 4-5 “Celtics” in the textbook, write an essay that includes the following elements:
Your submitted paper should be at least 2-3 pages long and written according to CSU-Global Guide to Writing and APA Requirements, following APA style, and properly referenced.
Note that the textbook author is citing a source in this case, which must be considered when forming your references and citations.