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Manero Company included the following information in its annual report: 2006 2005 2004 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating
Manero Company included the following information in its annual report:
| 2006 | 2005 | 2004 | |
| Sales | $178,400 | $162,500 | $155,500 |
| Cost of goods sold | 115,000 | 102,500 | 100,000 |
| Operating expenses | 50,000 | 50,000 | 45,000 |
| Net income | 13,400 | 10,000 | 10,500 |
Refer to Manero. In a common size income statement for 2006, the operating expenses are expressed as
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How To Audit The Process Based QMS
Authors: Dennis R. Arter, Charles A. Cianfrani, Jack West
1st Edition
