Question
Given the following, calculate % based on vertical analysis: Sales $800.000 COGS 500,000 Gross Profit 300,000 Selling Expenses 95,000 Administrative Expenses 35,000 Earnings Before Income
Given the following, calculate % based on vertical analysis:
| Sales | $800.000 |
|
| COGS | 500,000 |
|
| Gross Profit | 300,000 |
|
| Selling Expenses | 95,000 |
|
| Administrative Expenses | 35,000 |
|
| Earnings Before Income Tax | 170,000 |
|
| Income Tax | 55,000 |
|
| Net Income | 115,000 |
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Working Papers Volume 1 For Needles/Powers/Crossons Financial And Managerial Accounting 8th
Authors: Belverd E. Needles
8th Edition
0618777237, 978-0618777235
