Upton, inc. income statement for years ended december 31, 2019 and 2018 2019. 2018 sales $ 900 $ 800 less cost of goods sold 470. 440 gross profit $ 430 $ 360 operating expenses: wage expense $ 95 $ 90 rent expense 35 30 misc expense 20 15 depreciation expense 25 20 total operating expense $ 175 $ 155 operating income $ 255 $ 205 less other expenses: interest expense 15 10 income before tax $ 240 $ 195 less income tax expense 110 85 net income $ 130 $ 110 if a common size income statement were prepared, what percentage would be attributable to the 2018 wage expense of upton, inc.?

Jiffy printing shops does a lot of printing job for college students. the shop use an average of 25 cases of copy paper each day during the 312 days last year. the shop opens 6 days a week for 52 weeks each year and closes on sundays. each case of paper costs $35. it conducts a count of its paper inventory at the end of every quarter of the year. the table below shows the inventory counting records for last year. inventory end of quarter 1 700 cases end of quarter 2 1,050 cases end of quarter 3 920 cases end of quarter 4 800 cases 1. what's jiffy's cost of goods sold last year? 2. what's jiffy's average aggregate inventory value? 3. what's jiffy's inventory turnover last year? 4. what is the printing shop's weeks of supply last year?