Vertical analysis (common-size) percentages for Palau Companys sales revenue, cost of goods sold, and expenses are listed
Question:
Vertical analysis (common-size) percentages for Palau Company’s sales revenue, cost of goods sold, and expenses are listed here.
Did Palau’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer
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Vertical Analysis Sales revenue Cost of goods sold Expenses 2021 2022 2020 100.0% 62.9 26.6 100.0% 60.5 26.0 100.0% 64.8 27.5
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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