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April 20, 2014

Homework Help: accounting

Posted by britt on Friday, January 13, 2012 at 9:50am.

Christy Burch and Myung Lim, partners, compared their current income statement with their income statement of a year ago. They noted that sales were 12.0% higher than a year ago. They also noted that the total expenses were 20.0% higher than a year ago. What type of analysis should be done to determine whether the increase in expenses is justified? Explain your answer

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