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Problem - 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?
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an analysis of comparative balance sheets the current years income statement and the general ledger accounts of conard
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