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Exercise 14.3 (Algo) Common Size Income Statements (LO14-1) Year 2 Year 1 Sales $ 531,000 $ 419,000 Cost of goods sold 318,600 276,540 Gross profit
Exercise 14.3 (Algo) Common Size Income Statements (LO14-1) Year 2 Year 1 Sales $ 531,000 $ 419,000 Cost of goods sold 318,600 276,540 Gross profit $ 212,400 $ 142,460 Operating expenses 100,890 108,940 Net income $ 111,510 $ 33,520
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
