Using the following revenue and expense data, prepare a com parative income statement, expressing each item for
Question:
Using the following revenue and expense data, prepare a com¬
parative income statement, expressing each item for both 19x8 and 19x7 as a percentage of net sales (vertical analysis). Round off to one decimal place. Com¬
ment on the results.
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Related Book For 
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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