Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. (Ente answers in thousands of dollars.) Current Prior ($ thousands) Year Year $ 805,182 $456,779 396,513 Net sales Cost of goods sold 137,643 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: IChoose Denominator: Common-Size Percents Current Year: Prior Year: II II
Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. (Ente answers in thousands of dollars.) Current Prior ($ thousands) Year Year $ 805,182 $456,779 396,513 Net sales Cost of goods sold 137,643 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: IChoose Denominator: Common-Size Percents Current Year: Prior Year: II II
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.9E: Working Backward: Gross Profit Ratio Acmes gross profit ratio increased by 20% over the prior year....
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