Examine the summarized income statements for Goglin Ltd. for 2014-2016. Prepare common size (vertical analysis) and trend
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Goglin Ltd Summarized Income Statements For the vears ended December 31 2016 Revenue Cost of sales Gross margin Other expenses Net income $1,250,000 640,000 610,000 455,000 S 155,000 2015 S950,000 455,000 495,000 390,000 S105,000 2014 $650,000 300,000 350,000 300,000 $50,000
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