ACC 201 Week 5
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ACC 201 Week 5 Exam Latest Questions and Answers.
- Exam (elaborations) • 9 pages • 2021
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EX. 09-080 
Revenue and expense data for Reuters Company are as follows: 
	2017	2016 
Administrative expenses	$24,750		$18,000	 
Cost of goods sold	500,000		375,000	 
Income tax expense	11,600		12,000	 
Net sales	750,000		600,000	 
Selling expenses	182,250		154,800	 
 
Prepare a comparative income statement, with vertical analysis, stating each item for both 2017 and 2016 as a percent of sales. Round percentage values to one decimal place and state as a whole number. Do not enter the percent sig...
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