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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 43
Selected information from the financial statements of Remmer, Inc., includes the following:
a.ompute the percentage change in 2015 for the amounts of ( 1 ) net sales and ( 2 ) total expenses.
b.sing the information developed in part a, express your opinion as to whether the company's net income for 2015:
1.ncreased at a greater or lower percentage rate than did net sales.
2.epresented a larger or smaller percentage of net sales revenue than in 2014.or each answer, explain your reasoning without making any computations or references to dollar amounts.
a.ompute the percentage change in 2015 for the amounts of ( 1 ) net sales and ( 2 ) total expenses.
b.sing the information developed in part a, express your opinion as to whether the company's net income for 2015:
1.ncreased at a greater or lower percentage rate than did net sales.
2.epresented a larger or smaller percentage of net sales revenue than in 2014.or each answer, explain your reasoning without making any computations or references to dollar amounts.
Explanation
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Verified
Percentage change is the change in dolla...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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