How should you compute the number that appears as cost of goods sold in a common-size income
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Question:
How should you compute the number that appears as "cost of goods sold" in a common-size income statement?
A. Cost of goods sold divided by net income
B. Cost of goods sold divided by sales
C. Cost of goods sold divided by total equity
D. Sales divided by cost of goods sold
E. Total equity divided by cost of goods sold
D. Net income divided by cost of goods sold
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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