Prepare a common size income statement (round to one decimal place)
Revenues 30,020
Cost of goods sold (19,950)
Gross profit 10,070
Operating expenses (7,960)
Net operating income 2,110
Interest expense (940)
Earning before taxes 1,170
Taxes (425)
Net income 745

Prepare a common size income statement (round to one decimal place)
Revenues 30,020
Cost of goods sold (19,950)
Gross profit 10,070
Operating expenses (7,960)
Net operating income 2,110
Interest expense (940)
Earning before taxes 1,170
Taxes (425)
Net income 745



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