Question
A company had the following income statement figures for 2016 and 2017 : 2017 2016 Sales Cost of goods Sold 570 000 550 000 300
A company had the following income statement figures for 2016 and 2017 :
|
| 2017 | 2016 |
| Sales
Cost of goods Sold | 570 000 550 000
300 000 310 000 | |
| Gross Margin Operating Expenses | 270 000 | 240 000 |
| 180 000 | 150 000 | |
| Net income | 90 000 | 90 000 |
Calculate component percentages for this information. Please, state your conclusions.
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Management Control Systems
Authors: Kenneth Merchant, Wim Van Der Stede
5th Edition
1292444134, 9781292444130
