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help with both parts pls! A condensed income statement for Quall Storage and a partially completed vertical analysis follow. Required: 1. Complete the vertical analysis
help with both parts pls!
A condensed income statement for Quall Storage and a partially completed vertical analysis follow. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of net revenues. TIP: In the prior year, Cost of Goods Sold was 31 percent of Net Revenues, computed as ($1,419$4,525). 2. Does Cost of Goods Sold, as a percentage of Net Revenues, represent better or worse performance in 2019 as compared to 2018 ? Complete this question by entering your answers in the tabs below. Complete the vertical analysis by computing each missing line item as a percentage of net revenues. TIP: In the prior year, Cost of Goods Sold was 31 percent of Net Revenues, computed as ($1,419$4,525). (Decreases should be indicated by a minus sign. Round your answers to the nearest whole percent.) Complete this question by entering your answers in the tabs below. Does Cost of Goods Sold, as a percentage of Net Revenues, represent better or worse performance in 2019 as compared to 2018Step by Step Solution
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