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Title: Selected information about The Staccato Company for the current year and prior year is given below.A Post by: bernie2981 on Nov 15, 2015 Selected information about The Staccato Company for the current year and prior year is given below.
Account Current Prior Net sales revenue $648,000 $595,000 Cost of goods sold $401,760 $425,000 Gross profit $246,240 $170,000 Selling/general expenses $142,560 $93,500 Net income before tax $103,680 $76,500 Income tax $32,400 $22,800 Net income $71,280 $53,700 The current year's net income percentage (as would be found on a vertical analysis of the income statement for the current year) is A) 11.98%. B) 32.74%. C) 132.74%. D) 11.00%. Title: Re: Selected information about The Staccato Company for the current year and prior year is given bel Post by: nuclei on Nov 19, 2015 Content hidden
Title: Re: Selected information about The Staccato Company for the current year and prior year is given below.A Post by: bernie2981 on Dec 1, 2015 Answers my question perfectly.
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