During the current year, Gomez Company had sales revenue of $100,000, cost of goods sold of $62,800,
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During the current year, Gomez Company had sales revenue of $100,000, cost of goods sold of $62,800, operating expenses of $19,400, and income tax expense of $5,300. Prepare a vertical analysis of Gomez Company’s income statement. Ignore earnings per share.
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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