a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Tannenhill Company Common-Sized Income Statement For the Year Ended December 31 Feedback Tannenhill Tannenhill Electronics Company Company Industry Amount Percent Average $2,790,000 100 % % 1,646,100 $1,143,900 $697,500 279,000 $976,500 $167,400 55,800 $223,200 27,900 27,900 $195,300 83,700 $111,600 $195,300 83,700 $111,600 % % 10 % % % 6 2 % 8% 1 % 7% 3 % 4 % 100.0% 65% 35% 20% 9% 29% 6% 2% 8% 1% 7% 5% 1 2% 7% 5 2%

Other expecier Income before income tat net income Tannenhili Company Ceamel-sijed Income Statement For the Year Ended Deccmber 31 a. Show each itern as a percentage of net sales. b. The company is managing the cost of manufacturing product than the industry, and has slightly expenses relative to the industry. The combined impact causes net income as a percent of sales to be than the Foolack. rock My Wakk b. Consider the relationship of each account to net sales and how it relates to the industry numbers. Tresi My Work Partially correct