The following information was taken from the financial statements of Larkin Corporation: 
Instructions
a. Calculate the net sales for each year.
b. Calculate the cost of goods sold in dollars and as a percentage of net sales for each year.
c. Calculate operating expenses in dollars and as a percentage of net sales for each year. (Income taxes are not operating expenses).
Definitions:
Title VII
Title VII of the Civil Rights Act of 1964, a federal law prohibiting employment discrimination based on race, color, religion, sex, or national origin.
Attorney Fees
The costs associated with hiring legal representation, often recoverable in legal proceedings under specific conditions.
Title VII
Part of the Civil Rights Act of 1964, this title prohibits employment discrimination based on race, color, religion, sex, or national origin in the United States.
Prevailing Party
The party that wins a lawsuit or legal proceeding, either through judgement or settlement.
Q2: Under the Superfund statute, potentially responsible parties
Q22: A person appointed in a will to
Q22: Acts of the shareholders who are not
Q57: Most of the largest Canadian companies are
Q62: Which of the following is considered a
Q63: When shares are issued for services or
Q73: Income taxes only affect the income statement.
Q88: Describe the provisions of the Family and
Q111: In the statement of changes in shareholders'
Q166: Shares can be issued only in exchange