Quiz 23: Financial Statement Analyses
If the Cost of Goods Sold Is 65 Percent of Net
If the cost of goods sold is 65 percent of net sales,then gross profit on sales must be ____________________ percent of net sales.
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If the gross profit on sales is 20 percent of net sales,then cost of goods sold must be ____________________ percent of net sales.
A firm reported total liabilities of $60,000 and total stockholders' equity of $140,000.The amount of total liabilities is ____________________ percent of total assets.
Financial statements presented side-by-side for two or more periods are called ____________________ statements.
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