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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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