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ework Saved Help Save & Exit Check my Income Statement Reason...

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Accounting

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ework Saved Help Save & Exit Check my Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size perc decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ Sales $ 775.000 $ 700,000 Cost of goods sold 562,700 293,200 Gross profit 212,3007 406,800 Operating expenses 128,000 257,6007 Net income $ 84,300 $ 149,200 E State Reason for ype here to search o i B a ework Saved Help Save & Exit Check my Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size perc decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ Sales $ 775.000 $ 700,000 Cost of goods sold 562,700 293,200 Gross profit 212,3007 406,800 Operating expenses 128,000 257,6007 Net income $ 84,300 $ 149,200 E State Reason for ype here to search o i B a

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