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

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

Did Dagman€™s net income as a percentage of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for youranswer.

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Managerial Accounting Tools for business decision making

ISBN: 978-1118096895

6th Edition

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

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Question Posted: Mar 22, 2012 06:33 AM

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

Question:

Vertical Analysis Sales Cost of goods sold Expenses 2014 2013 100.0 00.0 100.0 62.4 25.0 25.6 27.5 VSIs 2012 59.2 64.5

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