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Author Question: The following is a common-sized Income Statement for Scout and Shakes Companies. (in thousands)Scout ... (Read 128 times)

jazziefee

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on: Feb 19, 2020
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.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by jazziefee on Feb 19, 2020

karmakat49

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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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jazziefee

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

jomama

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

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