Aztec, Inc. had net sales of $250,000 and cost of goods sold of $150,000 in 2012, net

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Aztec, Inc. had net sales of $250,000 and cost of goods sold of $150,000 in 2012, net sales of $275,000 and cost of goods sold of $165,000 in 2013, and net sales of $300,000 and cost of goods sold of $177,000 in 2014.

1. Find the percentage change in net sales from 2012 to 2013 and from 2013 to 2014.

2. Find the percentage change in gross profit from 2012 to 2013 and from 2013 to 2014.

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 04:00 AM

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Aztec, Inc. had net sales of $250,000 and cost of goods sold of $150,000 in 2012, net

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Increase Decrease Amounts in thousands 2014 2013 ...View the full answer

Financial Accounting

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