You bought A&B Co. stock 15 years ago for $12.00/share. Today it is worth $118.00 a share. You also bought C&D stock 12 years ago at $26.00/share and now it is worth $72.00/share. Which stock had the highest average annual rate of return?

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.