Sales Cost of goods sold P800,000 480,000 320,000 Gross Profit Operating expenses 40,000 Selling Administrative 80,000 Total 120,000 Profit before income tax 200,000 60,000 Income tax expense Profit P140,000 Required: A. Prepare a vertical analysis of the income statement

Sales Cost of goods sold P800,000 480,000 320,000 Gross Profit Operating expenses 40,000 Selling Administrative 80,000 Total 120,000 Profit before income tax 200,000 60,000 Income tax expense Profit P140,000 Required: A. Prepare a vertical analysis of the income statement

Name: P800,000SalesCost of goods sold480,000Gross Profit320,000Operating ex
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Description: P800,000SalesCost of goods sold480,000Gross Profit320,000Operating expenses40,000SellingAdministrative80,000Total120,000Profit before income tax 200,000Income tax expenseProfit60,000P140,000Required:A. Prepare a vertical analysis of the income state

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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