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How much rent expense would be shown on the advantage

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Reference no: EM132636729

Question 1: Advantage company paid the annual rent on its new office space on March 1. The total for a year of rent was $3,600. How much rent expense would be shown on the advantage December 31 income statement?

Question 2: Use the following information from Campbell Soup Company's income statements to calcu- late the company's profit margin on sales ratio. How does it compare with the ones calculated for Hormel?

Campbell Soup Company (dollars in millions) For the year ended For the year ended August 3, 2008 July 29, 2007

Net sales $7.998 $7,385

Net income $1,165 $ 854

Reference no: EM132636729

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