A grocery store and a jewelry store provide the following vertical analyses of certain accounts: Required Identify

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A grocery store and a jewelry store provide the following vertical analyses of certain accounts:

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Identify which company is likely the grocer and which is likely the jewelry store. Explain the reasons for your conclusions.

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 04:59 AM

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A grocery store and a jewelry store provide the following vertical analyses of certain accounts: Required Identify

Question:

Gross profit Operating expenses Net income Inventory Property and equipment Company A 26.0% 22.2 3.8 30.4 57.8 Company B 55.2% 48.0 7.2 68.2 32.5

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Company B is the jewelry store A jewelry store would receive a higher profit margin on it...View the full answer

Financial ACCT2

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