From the following, prepare a common-size, comparative income statement for Tanesha Co. by converting the dollar amounts
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From the following, prepare a common-size, comparative income statement for Tanesha Co. by converting the dollar amounts into percentages. (Round to the nearest hundredth of a percent.) Use net sales as 100%.
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Net Sales Cost of Goods Sold Gross Profit from Sales Operating Expenses Net Income 2021 $750,000 540,000 210,000 52,500 $157,500 2020 $430,000 352,600 77,400 43,000 $ 34,400
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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