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CarTrax, Inc. has the following operating incomes: 2017 2016 Net sales 897,000 747,000 COGS 767,000 637,000 Gross margin 130,000 110,000 SG&A 92,000 82,000 Operating Income
CarTrax, Inc. has the following operating incomes:
2017 | 2016 | |
Net sales | 897,000 | 747,000 |
COGS | 767,000 | 637,000 |
Gross margin | 130,000 | 110,000 |
SG&A | 92,000 | 82,000 |
Operating Income | 38,000 | 28,000 |
- create a trend analysis of the income statements (calculate the year-to-year amount and percent change for each of the line items). What does the trend analysis tell you about the company? (11.3)
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Fundamentals Of Advanced Accounting
Authors: Joe Ben Hoyle
8th Edition
1260575926, 978-1260575927
