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Author Question: The following is a common-sized Income Statement for Scout and Shakes Companies. (in thousands)Scout ... (Read 131 times)

jazziefee

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The following is a common-sized Income Statement for Scout and Shakes Companies.

(in thousands)Scout %Shakes%
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 the biggest sales increase from 2018 to 2019?
◦ Not enough information is given to assess the question.
◦ Scout Company
◦ Shakes Company
◦ Too close to make a solid determination.


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Marked as best answer by jazziefee on Feb 19, 2020

karmakat49

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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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jazziefee

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Reply 2 on: Feb 19, 2020
Thanks for the timely response, appreciate it


miss_1456@hotmail.com

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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