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Q1) Operating data for Gallup Corporation are presented below.

2009 2008
Sales $750,000 $600,000
Cost of Goods Sold 465000 390000
Selling Expenses 120000 72000
Administrative Expenses 60000 54000
Income Tax Expense 33000 24000
Net Income 72000 60000

Make a schedule illustrating vertical analysis for 2009 and 2008.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M917220

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