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View Full Version : Prepare a common-sized income statement comparing the results of operations a Company


urbana
Feb 16, 2012, 11:51 AM
Sales 2,050,000 % 102.5%
Sales Returns & Allowances 50,000 % 2.5%
% %
Cost of Goods Sold 1,100,000 % 61.0%
% %
Selling Expenses 560,000 % 23.0%
Administrative Expenses 220,000 % 10.0%
% %
% %
Other Income 44,000 % 2.2%
164,000 % %
Other Expense 20,000 % 1.0%
% %
Income Tax Expense 60,000 % 5.0%
% %