Solution-What are the costs of goods sold in common-size

What are the costs of goods sold in common-size percent

Reference no: EM132768759

Question - A company reports the following comparative income statements:

	2009	2008
Net Sales	$736,000	$840,000
Cost of goods sold	518,800	571,200
Gross profit	217,120	268,800
Operating expenses	104,800	130,000
Net Income	112,300	138,800

Required - What are the costs of goods sold in common-size percent's for 2008 and 2009 respectively?

Reference no: EM132768759

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What are the costs of goods sold in common-size percent

Reference no: EM132768759

Reference no: EM132768759

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