Prepare common size income statements for Pellum Company, a sole proprietorship, for the two years shown below
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2011 2010 Sales. . Cost of goods sold Gross profit Operating expenses Net income. .$500,000 $400,000 . . .330,000 268,000 .$170,000 $132,000 130,000 116,000 $40,000 16.000
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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