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Can someone please help me solve this?! Revenue and expense data for Young Technologies Inc, are as follows: Required: a. Prepare an income statement in
Can someone please help me solve this?! Revenue and expense data for Young Technologies Inc, are as follows: Required: a. Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Roun amounts to nearest whole percent. a. Prepare an income statement in comparative form, stating each item for both years as an amount and as a percent of sales. Round per amounts to nearest whole percent. Young Technoloales inc. b. Comment on the significant changes disclosed by the comparative income statement. The vertical analysis indicates that the cost of goods sold as a percent of sales between the two years. Selling and administrative expense as a percentage of sales and income tax expense Overall net income a of sales
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