question archive Computing and interpreting common-size percents LO P2 Dints Express the following comparative income statements in common-size percents
Computing and interpreting common-size percents LO P2 Dints Express the following comparative income statements in common-size percents
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Computing and interpreting common-size percents LO P2 Dints Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? eBook Ir?come Reason for Statement Decline in Net Income Express the following comparative Income statements in common-size percents. (Round your percentage answers to 1 decimal place.) Hint Print References GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ 56 $ % Sales $ 780,000 $ 665,000 Cost of goods sold 562,700 282,200 Gross profit 217,300 382,800 Operating expenses 128,000 263,600 Net Income $ 89,300 $ 119,200 Reason for Decline in Net Income > Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? Income Statement Reason for Decline in fet Income Hook tint Using the common-size percentages, which item is most responsible for the decline in net income? < Income Statement Havane Decline in Hot Income Print Terences Mc Graw Hill < Prev 5 of 9 Next >
