Question
The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42 in 2017 to $2.72 in 2018. 2-a. Conduct a
The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42 in 2017 to $2.72 in 2018.
2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues.
Complete the blanks
| Revenues | $204 | ?% | $172 | ?% |
| Cost of Purchased Crude Oil and Products | $117 | ?% | $92 | ?% |
| Other Operating Cost | $61 | ?% | $69 | ?% |
| Income before Income Tax Expense | $26 | ?% | $11 | ?% |
| Income Tax Expense | $7 | ?% | $0 | ?$ |
| Net Income | $19 | ?% | $11 | ?$ |
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Gleim CIA Review Part 3 Internal Audit Knowledge Elements
Authors: Irvin N. Gleim
2018 Edition
1618541153, 978-1618541154
