Extracts for Zeddy Company’s quarterly income statements and balance sheets for quarters 1–4 are as follows:

Calculate selling and administrative expenses as a percentage of sales for quarters 1–4 and comment on the results.

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Q1 Q2 Q3 60 Q4 $ $ $ $ Sales 200,000 150,000 100,000 75,000 Selling & admin 50,000 37,000 25,000 19,000 expenses