Express the following comparative income statements in common size percents and assess whether or not this companys situation has improved in the most recentyear MULAN CORPORATION Comparative Income Statements For Years Ended December 31, 2009 and 2008 20092008 Sales $657,386 $488,400 Cost of goods...

2009 2008 Sales 1000 1000 Cost of goods sold 650 586 Gross ...

Express the following comparative income statements in common-size percents and assess whether or not this companys situation

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Express the following comparative income statements in common-size percents and assess whether or not this company€™s situation has improved in the most recentyear.

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Managerial Accounting

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Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 05:31 AM

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Express the following comparative income statements in common-size percents and assess whether or not this companys situation

Question:

MULAN CORPORATION Comparative Income Statements For Years Ended December 31, 2009 and 2008 20092008 Sales .-_....-_ . .. $657,386 $488,400 Cost of goods sold ...2730 286,202 Gross proft . 230,085 202.198 Operating expenses Net Income _....- . 138,05 94,750 $92,034 $107.448

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