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1. Manero Company included the following information in its annual report: 20X3 20X2 20X1 Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold
1. Manero Company included the following information in its annual report:
| 20X3 | 20X2 | 20X1 | |||||||||
| Sales | $ | 178,400 | $ | 162,500 | $ | 155,500 | |||||
| Cost of goods sold | 115,000 | 102,500 | 100,000 | ||||||||
| Operating expenses | 50,000 | 50,000 | 45,000 | ||||||||
| Operating income | 13,400 | 10,000 | 10,500 | ||||||||
In a common-size income statement for 20X3, the COGS is expressed as:
1. 64.5%
2. 100%
3. 112.3%
4. 130%
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The Art Of Integrating Strategic Planning Process Metrics Risk Mitigation And Auditing
Authors: J.B. Smith
1st Edition
0873899253, 978-0873899253
