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Home Q & A Board Other Fields Homework Help Business Accounting
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apple321 apple321
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A year ago
M & M Manufacturing has provided the following comparative income statements for 2021 and 2022.


​​20212022
Net sales$132,000$136,000
Cost of goods sold   68,000   72,000
Gross margin64,00064,000
Selling and administrative expenses26,00036,000
Depreciation     6,000     8,000
Operating profit32,00020,000
Income taxes     8,000     5,000
Net income$  24,000$  15,000

Required:

Prepare a common-size analysis of M & M's income statement for 2022.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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gamblawcgamblawc
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A year ago
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apple321 Author
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A year ago
this is exactly what I needed
aricketts6@
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Yesterday
Thanks
TAT1238
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2 hours ago
Correct Slight Smile TY
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