Revenue and expense data for Vent Molded Plastics and for the plastics industry as a whole follow:

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Convert the dollar figures for Vent Molded Plastics into percentages based on net sales. Compare these with the industry average, and comment on yourfindings.

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 23, 2012 06:13 AM

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Revenue and expense data for Vent Molded Plastics and for the plastics industry as a whole follow:

Question:

Vent Molded Plastics Plasties Industry Sales Sales retums Cost of goods sold Selling expenses General expenses Other income Other expense Income tax $462,000 4,500 330,000 43,000 32,000 1,800 7,000 22,000 100.3% 0.3 67.1 10.1 7.9 0.4 1.3 5.5

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Vent Molded Plastics Plastics Industry Sales 1010 1003 Sales returns 10 03 Cost of goods sold 721 ...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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