ACG2011: 672708, Applebaum Summer 2021 S2 Joshua Vazquez | 06/22/21 9:45 PM Homework: Ch 17 Homework B - Graded Save Score: 0 of 6 pts 4 of 8 (3 complete) HW Score: 29.86%, 14.33 of 48 pt= EF17-16 (similar to) Question Help Data for Micatin Designs, Inc. follow: E: (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a comparative common-size income statement for Micatin Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X. Enter the percentages without the %. For example, enter 1.1% as 1.1.) Micatin Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024 % Requirements Data Table 2023 % % 1. Prepare a comparative common-size income statement for Micatin Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. 2. To an investor, how does 2024 compare with 2023? Explain your reasoning. Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Micatin Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 % % 2023 Print Done % S 432,550 S 372,000 % Net Income 204,000 185,000 Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 96,000 8,350 95.350 2,150 308,350 282,500 S 124.200 S 89,500 Net Income Print Done Enter any number in the edit fields and then click Check