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Income statement information for Canace Corporation is provided below.
Sales
$1,400,000
Cost of goods sold
910,000
Gross profit
490,000
Prepare a vertical analysis of the income statement for Canace Corporation.
A project has earnings before interest and taxes of $5,750, fixed costs of $50,000, a selling price of $13 a unit, and a sales quantity of 11,500 units. Depreciation is $7,500.
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