The Haines Corp. shows the following financial data for 20X1 and 20X2. For each year, compute the

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The Haines Corp. shows the following financial data for 20X1 and 20X2.
The Haines Corp. shows the following financial data for 20X1

For each year, compute the following and indicate whether it is increasing or decreasing profitability in 20X2 as indicated by the ratio.
a. Cost of goods sold to sales.
b. Selling and administrative expense to sales.
c. Interest expenses to sales.

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Foundations of Financial Management

ISBN: 978-1259277160

16th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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