Perform a vertical analysis on the following income statement, with sales as the base amount: Sales............ $

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Perform a vertical analysis on the following income statement, with sales as the base amount:

Sales............ $ 35,000

Cost of goods sold ........14,000

Gross margin ..........21,000

Other expenses........ 7,000

Net income ..........$ 14,000

What other information would you need to make this analysis meaningful?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

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Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:54 PM

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Perform a vertical analysis on the following income statement, with sales as the base amount: Sales............ $

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In order to make this analysis meaningful the percen...View the full answer

Financial Accounting: A Business Process Approach

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