Vertical analysis (common-size) percentages for Palau Company's sales revenue, cost of goods sold, and expenses are as
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Vertical analysis (common-size) percentages for Palau Company's sales revenue, cost of goods sold, and expenses are as follows.
Vertical Analysis 2019 2018 2017
Sales revenue....................100.0%..........100.0%............100.0%
Cost of goods sold................60.5............62.9.............64.8
Expenses................................26.0............26.6.............27.5
Did Palau'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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Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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