2.42 Financial Stateme Ex. 10. From the following information, interpret the result of operations of a manufacturing using trend ratios : 2008 100 60 40 10 30 15 15 2009 90 60 30 10 20 10 10 2010 120 70 50 15 35 17.5 17.5 Sales (Net) Less: Cost of goods sold Gross Profit Less:Operating expenses Net operating profit Less taxes Profit after tax
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