Business, 24.03.2020 23:43, rbeltran24

Vertical analysis (common-size) percentages for Ivanhoe Company's sales, cost of goods sold, and expenses are listed here.

Vertical Analysis 2023 2022 2021
Sales revenue 100.0% 100.0% 100.0%
Cost of goods sold 60.6 62.9 63.7
Operating expenses 25.6 28.6 28.0

Required:
Calculate Cullumber’s net income as a percent of sales.

Answers: 1

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Vertical analysis (common-size) percentages for Ivanhoe Company's sales, cost of goods sold, and exp...