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1. Prepare common-size income statements. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab
1. Prepare common-size income statements. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) Golden Fence Stone Wall Percent of Sales Golden Fence (amounts in millions) Company Corporation Company Stone Wall Corporation Sales $ 987,236 $ 67,450 Cost of Goods Sold 678,626 43,370 Gross Profit 308,610 24,080 Selling, General, and Administrative Expenses 58,636 2,408 Other Operating Expenses 12,344 722 Interest Expense 24,689 193 Earnings Before Provision for Taxes 212,941 20,757 Provision for Taxes 74,529 7,265 Net Income $ 138,412 $ 13,492 2. Compute profit margin, return on assets, and return on stockholders' equity. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. Use cell references from prior calculations, if applicable.)
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