Express the following comparative income statements in common-size percents and assess whether or not this companys situation
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GERALDO CORPORATION Comparative Income Statements For Years Ended December 31,2011 and 2010 2011 2010 Sales. Cost of goods sold Gross profit.. Operating expenses1 . .475,200 280,340 244.800 254,660 151200 103.790 .. 93,600 $150,870
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2011 2010 Sales 1000 1000 Cost of goods sold 660 524 Gross profit ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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