Financial and Managerial Accounting (Looseleaf) (Custom Package)
Financial and Managerial Accounting (Looseleaf) (Custom Package)
6th Edition
ISBN: 9781259754883
Author: Wild
Publisher: MCG
Question
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Chapter 13, Problem 5E
To determine

Common Size Percent:

Common size income percent is the percent of each account expressed as a percentage of the sales value.

Trend Percents:

A horizontal form of analysis which reveals a pattern in data across successive period is trend percent. In this analysis items are expressed as a percentage of a base year and items are taken line by line.

Net income from given data.

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