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X Margaret Corp. reported the following on its comparative income statement: 2020 2019 2018 Revenue $9,910 $9,700 $9,210 Cost of Goods Sold 7,210 6,900
X Margaret Corp. reported the following on its comparative income statement: 2020 2019 2018 Revenue $9,910 $9,700 $9,210 Cost of Goods Sold 7,210 6,900 6,125 Prepare a horizontal analysis of revenues and gross profit--both in dollar amounts and in percentages-for 2020 and 2019. Increase (Decrease) 2019 Increase (Decrease) 2020 2020 2019 2018 Amount Percent Amount Revenue 9,910 9,700 9,210 210 COGS 7,210 6,900 6,125 310 Gross 2,700 2,800 3,085 -100 Profit Percent X
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
