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Below is the comparative income statement data for R. Hanson, Inc. Prepare a comparative common-size income statement for R. Hanson, Inc. Round percentages to the
Below is the comparative income statement data for R. Hanson, Inc. Prepare a comparative common-size income statement for R. Hanson, Inc. Round percentages to the nearest tenth of a percent, X.X%. |(Click the icon to view the comparative income statement.) Data table R. Hanson, Inc. Common-Size Income Statement R. Hanson, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Years Ended December 31, 2018 and 2017 2018 (%) 2017 (%) 2018 2017 Revenue % % Revenue $ 515,000 $ 403,700 Expenses: Cost of goods sold Selling and general expenses % % Expenses: Cost of goods sold Selling and general expenses 186,000 % % 255,000 123,500 120,000 Interest expense % Interest expense 9,000 50,400 4,800 48,000 Income tax expense % % Income tax expense Total expenses % Total expenses 437,900 358,800 Net income % % $ 77,100 $ 44,900 Net income
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