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What were the favorable and unfavoralbe change

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Reference no: EM132488795

The following information is taken from the records of Erie Corp.(in thousands) for the year ended on December 31:

                                   2019                          2018

Sales                            $1,397                      $1,122

Cost of Goods Sold            935                            814

Selling Expenses               154                             121

General Expenses              88                                   77

Other Revenue                    4                                     7

Interest Expense                  2                                     9

Income Taxes                   134                                      66

Question 1: After preparing a vertical analysis of this income statement data, what were the favorable and unfavoralbe change.

Reference no: EM132488795

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