Aztec, Inc., had net sales of ($250,000) and cost of goods sold of ($150,000) in 2008, net

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Aztec, Inc., had net sales of $$250,000$ and cost of goods sold of $$150,000$ in 2008, net sales of $$275,000$ and cost of goods sold of $$165,000$ in 2009, and net sales of $$300,000$ and cost of goods sold of $$177,000$ in 2010.

1. Find the percentage of increase in net sales from 2008 to 2009 and from 2009 to 2010.

2. Find the percentage of increase in gross profit from 2008 to 2009 and from 2009 to 2010.

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: May 13, 2024 05:02 AM

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Aztec, Inc., had net sales of ($250,000) and cost of goods sold of ($150,000) in 2008, net

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Financial Accounting

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