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  • Feb 16, 2012, 11:51 AM
    urbana
    Prepare a common-sized income statement comparing the results of operations a Company
    • 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%
    • % %

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