Question
5. As a shareholder of Jacksonville Industries, a manufacturer of DVD players, you are interested in
comparing gross profits over a 3-year period. Calculate the gross profit percentage for years 2019,
2018, and 2017 using the income statement items below (in thousands). Interpret your results.
2019
2018
2017
Net sales
$20,640
$21,880
$21,540
Cost of goods sold
14,830
14,044
13.684
Gross Profit
$5.810
$7.836
$7.856
der

Image Transcription

5. As a shareholder of Jacksonville Industries, a manufacturer of DVD players, you are interested in comparing gross profits over a 3-year period. Calculate the gross profit percentage for years 2019, 2018, and 2017 using the income statement items below (in thousands). Interpret your results. 2019 2018 2017 Net sales $20,640 $21,880 $21,540 Cost of goods sold 14,830 14,044 13.684 Gross Profit $5.810 $7.836 $7.856 der

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