PLEASE SHOW WORK! Excerpts from the financial statements for two furniture storesare below. Calculate the overall and
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PLEASE SHOW WORK!
Excerpts from the financial statements for two furniture storesare below. Calculate the overall and comp sales increases for bothcompanies and compare and contrast the numbers. Comment on thegrowth and health of each company.
Harry’s Furniture | Dead People’s Stuff | |||||
Income Statement | Income Statement | |||||
2019 | 2020 | 2019 | 2020 | |||
Sales Store 1 | 450,000 | 520,000 | Sales Store 1 | 430,000 | 510,150 | |
Sales Store 2 | 210,000 | 210,750 | Sales Store 2 | NA | 155,500 |
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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