Express the following income statement information in common size percents and assess whether the situation is favourable orunfavorable Waterford Corporation Income Statement For Years Ended December 31, 2014 and 2013 2014 Sales Cost of goods sold Gross profit from sales Operating expense 2013 $735...

2014 2013 Sales 1000 1000 Cost of goods sold 600 520 Gross profit from sales 400 480 Operating ex ...

Express the following income statement information in common-size percents and assess whether the situation is favourable orunfavorable.

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Express the following income statement information in common-size percents and assess whether the situation is favourable orunfavorable.

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Fundamental Accounting Principles Volume II

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Authors: Larson Kermit, Jensen Tilly

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Express the following income statement information in common-size percents and assess whether the situation is favourable orunfavorable.

Question:

Waterford Corporation Income Statement For Years Ended December 31, 2014 and 2013 2014 Sales.. Cost of goods sold Gross profit from sales Operating expense. 2013 $735,000 382,200 $352,800 148,470 $204,330 $1,056,000 633,600 422,400 237,600

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