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Author Question: The following is a common-sized Income Statement for Shadow and Ghost Companies. (in ... (Read 114 times)

colton

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on: Feb 19, 2020
The following is a common-sized Income Statement for Shadow and Ghost Companies.

(in thousands)Shadow %Ghost %
Net Sales100.0%100.0%
Cost of Goods Sold64.6%60.8%
Gross Profit35.4%39.2%
Operating Expenses​​
Selling, General and Adm.15.4%15.3%
Other1.4%1.5%
Income Before Income Tax18.7%22.4%
Income Tax Expense2.7%3.1%
Net Income16.0%19.3%
Which company has better control of their overall operating expenses?
◦ Not enough information is given to assess the question.
◦ Shadow Company
◦ Ghost Company
◦ Too close to make a solid determination.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by colton on Feb 19, 2020

aliotak

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Reply #1 on: Feb 19, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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colton

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Reply 2 on: Feb 19, 2020
YES! Correct, THANKS for helping me on my review

abro1885

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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