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What were the favorable and unfavoralbe changes

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Question - 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

After preparing a vertical analysis of this income statement data, what were the favorable and unfavoralbe changes?

Reference no: EM132837263

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