Express the partial comparative income statements that follow as common size statements, and comment on the changes
Question:
Davis Company
Partial Comparative Income Statements
For the Years Ended December 31, 20x8 and 20x7
Transcribed Image Text:
20x8 20x7 Net sales Cost of goods sold $212,000 $184,000 119,600 127,200 Gross margin Selling expenses General expenses $84,800 64,400 $53,000 36,800 18,400 otal operating expenses 78,440 55,200 25,440 Operating income $ 6,360 9,200
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Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
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