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Danner Corporation reported net sales

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Question;1. Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the years 2011, 2012, and 2013, respectively. If 2011 is the base year, what percentage do 2013 sales represent of the base?;2. Richards, Inc. has the following income statement (in millions):RICHARDS, INC.Income StatementFor the Year Ended December 31, 2012Net Sales $180Cost of Goods Sold 60Gross Profit 120Operating Expenses 75Net Income $ 45;Using vertical analysis, what percentage is assigned to net income?

 

Paper#44811 | Written in 18-Jul-2015

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