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Consider the following information: Current year Last year Revenue $10,000 $8,000 Cost of goods sold 4,000 3,000 Gross profit 6,000 5,000 A vertical analysis of
Consider the following information: Current year Last year Revenue $10,000 $8,000 Cost of goods sold 4,000 3,000 Gross profit 6,000 5,000 A vertical analysis of gross profit for the current year and last year, respectively, would yield which of the following: Select one: O a. $1,000 and 62.5% O b. 62.5% and 75.0% O c. $1,000 and 75.0% O d. 60.0% and 62.5%
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