Athletic World reports the following vertical analysis percentages. Did Athletic Worlds income before tax as a percentage

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Athletic World reports the following vertical analysis percentages.

Did Athletic World€™s income before tax as a percentage of sales increase, decrease, or stay the same? If net income as a percentage of sales increases, does that mean net income also increases? Explain.

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 15, 2014 04:51 AM

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Athletic World reports the following vertical analysis percentages. Did Athletic Worlds income before tax as a percentage

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Sales Cost of goods sold Operating expenses 2015 100% 48% 35% 2014 100% 56% 30%

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