Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow...

 

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Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow Common-Size Percentages 2023 100.0% 2022 2021 100.0% 100.0% 64.8 61.7 58.4 13.5 11.9 13.0 Net sales Cost of goods sold Expenses 2021 2022 2023 Required: a. Calculate the profit percentage for 2021, 2022 and 2023. (Round the final answers to 2 decimal places.) Profit Percentage Profit Trend Percentages % % 2023 2022 108.8% 107.1% 115.6 110.3 109.7 103.7 2021 100.0% 100.0 100.0 b. Determine whether the company's profit Increased, decreased, or remained unchanged during this three-year period. Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow Common-Size Percentages 2023 100.0% 2022 2021 100.0% 100.0% 64.8 61.7 58.4 13.5 11.9 13.0 Net sales Cost of goods sold Expenses 2021 2022 2023 Required: a. Calculate the profit percentage for 2021, 2022 and 2023. (Round the final answers to 2 decimal places.) Profit Percentage Profit Trend Percentages % % 2023 2022 108.8% 107.1% 115.6 110.3 109.7 103.7 2021 100.0% 100.0 100.0 b. Determine whether the company's profit Increased, decreased, or remained unchanged during this three-year period.

Answer rating: 100% (QA)

To calculate the profit percentage for 2021 2022 and 2023 we need to use the commonsize percentages ... View the full answer