Chapter 3
Net income/Sales 8.82% 6.51%. The company is not performing as well in 2007 as it did in 2006. The “gross profit margin” has gone down; “selling and administrative. expense” as well as “interest expenses as a percent of sales” has gone up. As would be expected based on the above, net income to sales have gone . down. Balance sheet. 2. ................
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