Percentage changes
Selected information from the financial statements of Perfectly Baked Cake Co. appears below:
(a) Compute the percentage change in each of the above items from 2010 to 2011. Use a + or - to indicate increase or decrease.
(b) Compute net income as a percentage of net sales in each year. (Round to the nearest one-tenth of 1%)
Definitions:
Metric System
A decimal system of measurement based on meters, liters, and grams as units of length, volume, and weight, respectively.
Incentive Spirometer
A medical device used to help patients improve the functioning of their lungs and to prevent pulmonary complications by encouraging deep breathing.
Abdominal Surgery
A surgical procedure involving the opening of the abdomen to diagnose, treat, or prevent disease in various abdominal organs.
Material Reinforcement
Strengthening a material by adding a second material to it, often used to increase the durability, strength, or resistance of the original material.
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