Operating data for Poseidon Corporation are presented on page 687. 2007 2006 Sales $800,000 $600,000 Cost of
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Operating data for Poseidon Corporation are presented on page 687.
2007 2006 Sales $800,000 $600,000 Cost of goods sold 500,000 408,000 Selling expenses 120,000 72,000 Administrative expenses 72,000 48,000 Income tax expense 32,000 21,600 Net income 76,000 50,400 Instructions Prepare a schedule showing a vertical analysis for 2007 and 2006.
Exercises 68 7
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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