Vertical analysis (common-size) percentages for Palau Company's net sales, cost of goods sold, and expenses are listed
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Vertical analysis (common-size) percentages for Palau Company's net sales, cost of goods sold, and expenses are listed here.
Did Palau's net income as a percent of net sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
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Vertical Analysis Net sales Cost of goods sold Expenses 2022 100.0% 60.5 26.0 2021 100.0% 62.9 26.6 2020 100.0% 64.8 27.5
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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