The following information is taken from the records of Erie Corp.(in thousands) for the year ended on
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Question:
The following information is taken from the records of Erie Corp.(in thousands) for the year ended on December 31:
2019 | 2018 | |
Sales | $1,397 | $1,122 |
Cost of Goods Sold | 935 | 814 |
Selling Expenses | 154 | 121 |
General Expenses | 88 | 77 |
Other Revenue | 4 | 7 |
Interest Expense | 2 | 9 |
Income Taxes | 134 | 66 |
After preparing a vertical analysis of this income statement data, what were the favorable and unfavoralbe changes?
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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