Using the data in these abbreviated income statements, prepare a vertical analysis Sales Cost of goods sold Gross margin Operating expenses Net income Year 2 $360,000 220,000 $140,000 110,000 $30,000 Year 1 $518,000 316,000 $202,000 152,600 $ 49,400...

Vertical Analysis based on Sales Year 2 Year 1 Sales 1000 1000 C ...

Using the data in these abbreviated income statements, prepare a vertical analysis. Sales Cost of goods sold

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Using the data in these abbreviated income statements, prepare a vertical analysis.

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Introduction to Accounting An Integrated Approach

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Authors: Penne Ainsworth, Dan Deines

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Question Posted: Mar 25, 2015 11:57 AM

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Using the data in these abbreviated income statements, prepare a vertical analysis. Sales Cost of goods sold

Question:

Sales Cost of goods sold Gross margin Operating expenses Net income Year 2 $360,000 220,000 $140,000 110,000 $30,000 Year 1 $518,000 316,000 $202,000 152,600 $ 49,400

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Introduction to Accounting An Integrated Approach

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