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Using the Following Operating Data for Complex Corporation Prepare a Schedule

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Using the following operating data for Complex Corporation prepare a schedule showing a vertical analysis for 2017. 20172016 Net sales $360,000$320,000 Cost of goods sold 210,000180,000 Operating expenses 112,000100,000 Net income 38,00040,000\begin{array}{lrr}&2017&2016\\\text { Net sales } & \$ 360,000 & \$ 320,000 \\\text { Cost of goods sold } & 210,000 & 180,000 \\\text { Operating expenses } & 112,000 & 100,000 \\\text { Net income } & 38,000 & 40,000\end{array}

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.

Market

An economic system or environment where buyers and sellers interact to exchange goods and services for money or barter.

Merit Raise

A salary increase awarded to employees based on their job performance.

High Performers

Refers to individuals or groups who consistently achieve outstanding results and surpass standard expectations in their work or responsibilities.

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