Data for Verifine Designs, Inc. follow: (Click the icon to view the data.) Read the requirements....
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Data for Verifine Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a comparative common-size income statement for Verifine Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X. Enter the percentages without the %. For example, enter 1.1% as 1.1.) Verifine Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 Data table Net Sales Revenue Expenses: Cost of Goods Sold % Selling and Administrative Expenses % Other Expenses Total Expenses Net Income pages Get more help 2024 % 2023 % % % % % 10 19 Net Sales Revenue Verifine Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 431,250 $ 374,000 % Expenses: % % Cost of Goods Sold 204,000 189,350 % % Selling and Administrative Expenses 100,250 93,000 8,000 3,000 Other Expenses 312,250 285,350 Total Expenses 119,000 $ 88,650 Net Income Print Done Clear all Check answer Data for Verifine Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a comparative common-size income statement for Verifine Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X. Enter the percentages without the %. For example, enter 1.1% as 1.1.) Verifine Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 Data table Net Sales Revenue Expenses: Cost of Goods Sold % Selling and Administrative Expenses % Other Expenses Total Expenses Net Income pages Get more help 2024 % 2023 % % % % % 10 19 Net Sales Revenue Verifine Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 431,250 $ 374,000 % Expenses: % % Cost of Goods Sold 204,000 189,350 % % Selling and Administrative Expenses 100,250 93,000 8,000 3,000 Other Expenses 312,250 285,350 Total Expenses 119,000 $ 88,650 Net Income Print Done Clear all Check answer
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