Question
Could you answer these two in 20 minutes as well? Acme Inc. included the following information in its annual report: 20x2 sales:178,400, cost of goods
Could you answer these two in 20 minutes as well?
Acme Inc. included the following information in its annual report: 20x2 sales:178,400, cost of goods sold: 115,000, operating expenses: 50,000, net income: 13,400
20x1 sales: 162,500, cost of goods sold: 102,500, operating expenses: 50,000, net income: 10,000
20x0 sales: 155,500, cost of goods sold: 100,000, operating expenses: 45,000, net income: 10,500 In a vertical common size income statement for 20X2, operating expenses are expressed as
Select one:
A. 28.0%B. 30.3%C. 43.8%D. 100.0%
given the same information as above: by how much did cost of goods sold increase from 20x1 to 20x2?
a. 10.9%
b. 12.2%
c. 13.1%
d. 15.0%
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