Refer to the information in QS 13-6. Determine the prior-year and current-year common-size percents for cost of
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Refer to the information in QS 13-6. Determine the prior-year and current-year common-size percents for cost of goods sold using net sales as the base.
QS 13-6.
Use the following information to determine the prior-year and current-year trend percents for net sales using the prior year as the base year.
Transcribed Image Text:
$ thousands Current Yr Prior Yr Net sales..... $801,810 $453,000 Cost of goods sold 392,887 134,088
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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