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Walker Corporation prepared a vertical analysis of its income statement and the following excerpt is...

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Accounting

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Walker Corporation prepared a vertical analysis of its income statement and the following excerpt is available: What is the Cost of Goods Sold percentage as found on a vertical analysis income statement? A. 100% B. 64.9% C. 35.1% D. 1.54% Pip Corporation uses horizontal analysis to compare its income statement from year to ye compared to the current year: What is the Gross Profit in the current year? A. $210,000 B. $224,700 C. $238,000 D. $231,000

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