Vertical analysis (common size) percentages for Charles Companys sales, cost of goods sold, and expenses are shown

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Vertical analysis (common size) percentages for Charles Company’s sales, cost of goods sold, and expenses are shown below.

Vertical Analysis Sales Cost of goods sold Expenses 2011 100.0 59.2 25.0 2009 100.0 64.5 27.5 2010 100.0 62.4 25.6

Did Charles’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 13, 2011 08:13 AM

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Vertical analysis (common size) percentages for Charles Companys sales, cost of goods sold, and expenses are shown

Question:

Vertical Analysis Sales Cost of goods sold Expenses 2011 100.0 59.2 25.0 2009 100.0 64.5 27.5 2010 100.0 62.4 25.6

Step by Step Answer:

2011 2010 2009 Sales Cost of goods sold Expenses Net incom...View the full answer

Accounting Principles

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