Sporting Apparel Inc. reported the following amounts on its balance sheet at December 31, 2020:

 ........................................................................................ 2020
Cash and receivables ............................................. $ 80,640
Inventory ..................................................................... 56,840
Property, plant, and equipment, net ..................... 142,520
Total assets ............................................................. $280,000

Perform a vertical analysis of the company’s assets at the end of 2020. Round all percentages to the nearest whole percent.

Compare HomePro Corp. and Away Inc.

1. Convert their income statements to common size. Round all percentages to one decimal place.

2. Which company earns more net income?

3. Which company’s net income is a higher percentage of its net sales?

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(Amounts in thousands) HomePro Corp. Away Inc. Net sales $18,978 $39,072 Cost of goods sold 11,570 28,202 Other expenses 6,228 8,994 Net income $ 1,180 $ 1,876