GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year %2. % %24 Sales $ 740,000 $655,000 Cost of goods sold 570,800 282,200 Gross profit 169,200 372,800 Operating expenses 129,200 258,800 Net income $ 40,000 $ 114.000

GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year %2. % %24 Sales $ 740,000 $655,000 Cost of goods sold 570,800 282,200 Gross profit 169,200 372,800 Operating expenses 129,200 258,800 Net income $ 40,000 $ 114.000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.7P

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Question

Comon size percentage

GOMEZ CORPORATION
Comparative Income Statements
For Years Ended December 31
Current Year
Prior Year
%2.
%
%24
Sales
$ 740,000
$655,000
Cost of goods sold
570,800
282,200
Gross profit
169,200
372,800
Operating expenses
129,200
258,800
Net income
$ 40,000
$ 114.000

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