Complete the following vertical analyses of Dragonfly Corporation's income statement. What line item is the largest percent
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Complete the following vertical analyses of Dragonfly Corporation's income statement. What line item is the largest percent of sales in 2019? How has it changed from 2018 to 2019?
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As of percent of sa les (in millions) 2019 2018 2019 2018 $ 61,890 $ 63,762 Sales Cost of Goods Sod 33,092 30.096 Gross Profit 30,670 31,794 15,335 Selling, Genera, and Administrative Expenses 15.897 Research and Development Expense 7,052 7844 Interest Expense 145 142 Eamings Before Prov sion for Taxes 8 138 7,911 Prov sion for Taxes 2,848 2,769 $ 5,290 $ 5, 142 Net Income
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Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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