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Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. Note: Enter the answers in thousands of dollars. ($ thousands) Net sales Cost of goods sold Current Year: Prior Year: Current Year $ 804,028 395,265 Prior Year $ 455,599 136,158 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: Choose Denominator: 1 Common-Size Percents 0 % 0%

Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. Note: Enter the answers in thousands of dollars. ($ thousands) Net sales Cost of goods sold Current Year: Prior Year: Current Year $ 804,028 395,265 Prior Year $ 455,599 136,158 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: Choose Denominator: 1 Common-Size Percents 0 % 0%

FINANCIAL ACCOUNTING
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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Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. Note: Enter the answers in thousands of dollars. ($ thousands) Net sales Cost of goods sold Current Year: Prior Year: Current Year $ 804,028 395, 265 Prior Year $ 455,599 136,158 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: 1 Choose Denominator: 1 1 ||| ||||| = = = Common-Size Percents 0 % 0 %
Transcribed Image Text:Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. Note: Enter the answers in thousands of dollars. ($ thousands) Net sales Cost of goods sold Current Year: Prior Year: Current Year $ 804,028 395, 265 Prior Year $ 455,599 136,158 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: 1 Choose Denominator: 1 1 ||| ||||| = = = Common-Size Percents 0 % 0 %
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