The following is a summary of information presented on the income statements of Haley Publications and Johnston Publications for December 31, 2007.

- Based on the information presented, what steps should Johnston take to improve its performance to match or exceed Haley's performance?
A) Johnston should reduce its cost of goods sold as a percentage of net sales revenue.
B) Johnston should reduce its income tax expense as a percentage of net sales revenue.
C) Johnston should reduce its selling and general expenses as a percentage of net sales revenue.
D) All of these actions would improve Johnston's performance.

Question

The following is a summary of information presented on the income statements of Haley Publications and Johnston Publications for December 31, 2007.

- Based on the information presented, what steps should Johnston take to improve its performance to match or exceed Haley's performance?
A) Johnston should reduce its cost of goods sold as a percentage of net sales revenue. 
B) Johnston should reduce its income tax expense as a percentage of net sales revenue. 
C) Johnston should reduce its selling and general expenses as a percentage of net sales revenue. 
D) All of these actions would improve Johnston's performance.

Quizplus · Accepted Answer

The Answer of The following is a summary of information presented on the income statements of Haley Publications and Johnston Publications for December 31, 2007.

- Based on the information presented, what steps should Johnston take to improve its performance to match or exceed Haley's performance?
A) Johnston should reduce its cost of goods sold as a percentage of net sales revenue. 
B) Johnston should reduce its income tax expense as a percentage of net sales revenue. 
C) Johnston should reduce its selling and general expenses as a percentage of net sales revenue. 
D) All of these actions would improve Johnston's performance.

The Following Is a Summary of Information Presented on the Income