Question: Exercise I (10 points) Express the following income statement information in common-size percents and assess whether this company's situation is favorable or unfavorable. ALPHA CORPORATION
Exercise I (10 points) Express the following income statement information in common-size percents and assess whether this company's situation is favorable or unfavorable. ALPHA CORPORATION Comparative Income Statement For Years Ended December 31, 2018 and 2019 2019 2018 $1,500,000 $1,200,000 Sales $940,000 $895,000 COGS $560,000 $305,000 Gross Profit $160,000 $160,000 Operating Expenses $145.000 $400,000 Net Income o
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