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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 |
- Prepare a common-size analysis of the income statements (). What does the common-size analysis tell you about the company? (11.4)
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744443
