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A company has the following balances on its financial statements: Revenue $32,000,000 Cost of sales 16,000,000 Net income 4,000,000 Total assets 80,000,000 Total equity 40,000,000

A company has the following balances on its financial statements: Revenue $32,000,000 Cost of sales 16,000,000 Net income 4,000,000 Total assets 80,000,000 Total equity 40,000,000 A common-size income statement would show net income as 10.0% 25.0% 5.0% 12.5%

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