Question
The following information is taken from the financial statements of Clybourn Company for the current year: Current Assets $ 409,000 Total Assets 904,000 Cost of
The following information is taken from the financial statements of Clybourn Company for the current year:
Current Assets $ 409,000
Total Assets 904,000
Cost of Goods Sold 664,000
Gross Profit 214,000
Net Income 134,000
On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?
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Auditing And Assurance Services
Authors: By David N. Ricchiute
6th Edition
0324024029, 9780324024029
