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Mathematics, 16.12.2020 19:40 isabellajmoody

1. Compare the trend in profitability over 2-year period with and without nonrecurring items for the company (vertical and horizontal analysis + conclusions/interpretation): EUR mn Year 2 Year 1

Sales 7103 7047

COGS (4295) (4122)

SG&A (1712) (1724)

Depreciation (235) (260)

Interest expense (146) (149)

Gain on sale of business 127

Net Income 715 919

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