Academic Departments | RCC
Vertical analysis of the two-year comparative income statement of Quality Department Store Inc. for 20. 1. 5 and 20. 1. 4. For the income statement, net sales. is the . base. of. goods sold as a percentage of net sales declined 1% (62.1% versus 61.1%). Total operating expenses declined 0.4% (17.4% versus 17.0%). ................
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