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1.
Prepare a two column common size income statement and a two column common size balance sheet for Company OA.
2.
Evaluate the profitability ratios (a) ratio of gross profit to net sales; (b) ratio of operating income to net sales; and (c) ratio of net income to net sales. Compare those figures with industry averages and state whether those figures are better or worse than industry averages.
3.
Evaluate the profitability ratios (a) ratio of current assets to total assets; and (b) ratio of
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Chapter 12 Solutions
Financial Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (4th Edition)
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
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