During the current year Norlander Inc implemented an inventory management
During the current year, Norlander Inc. implemented an inventory management system that it believes will result in greater efficiencies and profits. Norlander's CEO was therefore disappointed when he saw the following condensed income statement showing no increase in net income:
Required
Using horizontal and vertical analyses, provide reasoning to the CEO that the inventory management system was effective. Round percentages to one decimal point (i.e., 4.8%).
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