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Example Exercise 17-2 Vertical Analysis Income statement information for Lee Corporation is provided below. Sales $100,000 Cost of goods sold 65,000 Gross profit $ 35,000
Example Exercise 17-2 Vertical Analysis Income statement information for Lee Corporation is provided below. Sales $100,000 Cost of goods sold 65,000 Gross profit $ 35,000 Prepare a vertical analysis of the income statement for Lee Corporation
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