Canada Adjust a 15-month fiscal year to 12 months.


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Feb 22, 2021
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Hi all,

I am currently working on an assignment with financial statements from 2012-2020. However, prior to 2016, the company reported their financial statements with a fiscal year of 15 months (switched to calendar years). How do I adjust the COGS etc. from 15 months to 12 months? I have access to information regarding the calendar year net sales for the years 2012-2020 but not COGS and other expenses.

Thank you!
 
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