Question
Please show the calculations. Alpha has assets of $102 millin, costs of goods sold of $24.3 million, and total sales of $97 million. Omega has
Alpha has assets of $102 millin, costs of goods sold of $24.3 million, and total sales of $97 million. Omega has assets of $12.4 million, costs of goods sold of 1.77 million, and total sales of $9.3 million. Based on common-size income statements, Alpha's costs of goods sold consumes. of sales while Omega's costs of goods sold consumes of sales.
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
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