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Question 3 Points possible: 0.25 pt* 19-4.75 pts Aspen Community Pharmacy operates in two distinct segments: Traditional and Specialty. The income statements for each operating
Question 3 Points possible: 0.25 pt* 19-4.75 pts Aspen Community Pharmacy operates in two distinct segments: Traditional and Specialty. The income statements for each operating segment are presented below Aspen Community Pharmacy Income Statements For the Y ear Ended June 30, 2018 Traditional Specialt Amount Amount Sales revenue Cost of goods sold Gross proft Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income $550,000 S352,000 $198,000 $99,000 $99,000 $22,000 $121,000 $33,000 $88,000 $240,000 $141,600 $98,400 S38,400 $60,000 $16,800 $76,800 $14,400 S62,400 Part (a) Perform common sizing by completing the "%" columns above. Express each amount as a percentage of sales Part On a percentage basis, which segment is more profitable (based on net income)? Traditional Specialty Next
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