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Big Daddy Cool Corporation uses horizontal analysis to compare its income statement from year to year. Big Daddy Cool Corporation reported the following data last
Big Daddy Cool Corporation uses horizontal analysis to compare its income statement from year to year. Big Daddy Cool Corporation reported the following data last year as well as the percent change when compared to the current year: Total Last Year % Change in Current Year Sales Revenue $600,000 7.0% Cost of Goods Sold $180,000 1.0% Gross Profit $420,000 What is the Gross Profit in the current year? $449,400 $420,000 $445,200 $460,200
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