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I want help in solving it, I hope someone helps me Vertical analysis of income statement Current Year Percent Previous Year Percent Sales 2,500,000 2,350,000
I want help in solving it, I hope someone helps me
Vertical analysis of income statement Current Year Percent Previous Year Percent Sales 2,500,000 2,350,000 Sales returns and allowances 15,000 22,000 Net sales Cost of goods sold 1,500,000 1,292,500 Gross Profit Selling expenses 300,000 376,000 Administrative expenses 375,000 305,500 Total operating expenses Other income 5,000 4,000 Other expense 1,500 2,000 Income before income taxes Income tax expense 150,000 141,000 Net IncomeStep by Step Solution
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