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Q12: Financial statements for Longman Company follow: Longman Company Income Statements for the...

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Accounting

Q12: Financial statements for Longman Company follow:
Longman Company
Income Statements
for the Years Ended December 31
Unit: $ 20122013
Revenues
Net sales
315,000,259,000
Expenses
Cost of goods sold
189,000,154,000
General, selling, and administrative
expenses
Interest expense
Income before taxes
Income tax expense (40%)
54,000,46000
Net income
68,000,54,500
27,200,21,800
40,800,32,700
Required:
a./ Analysis vertical common and comment
b./ Prepare a trend analysis and comment.
c./ Cal PROFITABLITY ANALYSIS
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