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Consider the following income statement data for Pharoah Inc.: 2024 2023 Sales revenue: $98600, $89000 Less: Cost of goods sold: 49400, 56300 Gross profit: 49200,
Consider the following income statement data for Pharoah Inc.: 2024 2023 Sales revenue: $98600, $89000 Less: Cost of goods sold: 49400, 56300 Gross profit: 49200, 32700 Less: Selling and administration costs 24157 18600 Net Income: $25043, $14100 The common-size percentage for selling and administration costs in 2024 was 24.5%, 49.1%, 96.5% 24.6%
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
