Hartigan, Inc., and Pintal Corporation are competitors. Compare the two companies by converting their condensed income statements to common size.

Which company earned more net income? Which company€™s net income was a higher percentage of its net sales? Explain youranswer.

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(In millions) Hartigan Pintal $10,800 8,752 6,065 1,698 35 Net sales Cost of goods sold.. 6,469 Selling and administrative expenses3,110 54 32 432 Interest expense Other expenses Income tax expense … . 210 S 700 Net