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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 48
Key figures for Apple and Google follow.
Required
1. Compute common-size percents for each of the companies using the data provided. (Round percents to one decimal.)
2. Which company retains a higher portion of cumulative net income in the company
3. Which company has a higher gross margin ratio on sales
4. Which company holds a higher percent of its total assets as inventory
Required
1. Compute common-size percents for each of the companies using the data provided. (Round percents to one decimal.)
2. Which company retains a higher portion of cumulative net income in the company
3. Which company has a higher gross margin ratio on sales
4. Which company holds a higher percent of its total assets as inventory
Explanation
Verified
Verified
Common size (CS) ratios are used for mak...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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