Companies often budget selling expenses and general and administrative expenses (SGA) as a percentage of expected sales.
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Companies often budget selling expenses and general and administrative expenses (SGA) as a percentage of expected sales.
Required
1. For both Apple and Google, list the prior three years' sales (in dollars) and total selling expenses and general and administrative expenses (in dollars). Use the financial statements in Appendix A.
2. Compute the ratio of total selling expenses and general and administrative expenses to sales for each of the three years.
Apple's financial statements in Appendix A
Google's financial statements from Appendix A.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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