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ABC Company Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Pretax income Income tax Net income 2019 $450.000 250000 200000 167000

ABC Company Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Pretax income Income tax Net income 2019 $450.000 250000 200000 167000 33000 10000 23000 2018 $420.000 230000 190000 168000 22000 6000 16000 Complete a vertical analysis for ABC Company for 2018

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