Southern Inc. has the following income statement (in millions) Net Sales $300 COGS $180 Gross Profit 120
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Question:
Southern Inc. has the following income statement (in millions)
Net Sales $300
COGS $180
Gross Profit 120
Operating exp 45
Net Income 75
Using vertical analysis what percentage is assigned to Net Income?
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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