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Q1 Q2. Express the following comparative Income statements in common size percents Using the common-size percentages, which item is most responsible for the decline in
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Q2.
Express the following comparative Income statements in common size percents Using the common-size percentages, which item is most responsible for the decline in net income? Income Statement Reason for Decline in Net Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year $790.0001 $ 695.000 Cost of goods sold 565.4001 284 400 410.500 129.200 278.000 Reason for Decline in Net Income >
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