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VERTICAL ANALYSIS INSTRUCTIONS : Prepare a vertical analysis of the income statement for Moran Corp. Moran Corp. Comparative Condensed Income Statement For the years ended
| VERTICAL ANALYSIS | ||||
| INSTRUCTIONS: Prepare a vertical analysis of the income statement for Moran Corp. | ||||
| Moran Corp. | ||||
| Comparative Condensed Income Statement | ||||
| For the years ended December 31 | ||||
| 2019 | 2018 | |||
| Net Sales | 600 | 500 | ||
| Cost of goods sold | 450 | 400 | ||
| Gross Profit | 150 | 100 | ||
| Operating expenses | 54 | 40 | ||
| Net Income | 96 | 60 | ||
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Accounting Principles Understanding Important Terms And Principles Of Accounting
Authors: Lyndsay Sudduth
1st Edition
B0B5KV57NJ, 979-8840104033
