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BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sales goods sold, and expenses are as follows. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold Expenses 60.5 62.9 64.8 26.0 26.6 27.5

BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sales goods sold, and expenses are as follows. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold Expenses 60.5 62.9 64.8 26.0 26.6 27.5

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sales revenue, cost of goods sold, and expenses are as follows. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold Expenses 60.5 62.9 64.8 26.0 26.6 27.5 Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
Transcribed Image Text:BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sales revenue, cost of goods sold, and expenses are as follows. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold Expenses 60.5 62.9 64.8 26.0 26.6 27.5 Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
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