Rapid Retail Comparative Statement of Income December 31st Increase (Decrease) Required: a) Complete the increase (decrease) in
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December 31st Increase (Decrease)
Required:
a) Complete the increase (decrease) in dollars and percent
b) Comment on trends
Transcribed Image Text:
(In thousands of dollars) 2011 2010 Dollars Percent Net sales S30,000 S28,000 2,000 107-1490 Cost of goods sold 20,000 19,500 500 102.56% Gross profit 0,000 8,500 1,500 117.65% Selling, general and
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b though net sales increase only by 714 net income ...View the full answer
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