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Business, 17.12.2019 22:31 Hammon1774

Computing and interpreting rates of change selected information from the financial statements of remmer, inc., includes the following. year 2 year 1 net sales $2,200,000 $2,000,000 total expenses 2,005,000 1,800,000 a. compute the percentage change in year 2 for the amounts of (1) net sales and (2) total expenses. b. using the information developed in part a, express your opinion as to whether the company’s net income for year 2: 1. increased at a greater or lower percentage rate than did net sales. 2. represented a larger or smaller percentage of net sales revenue than in year 1. for each answer, explain your reasoning without making any computations or references to dollar amounts.

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