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Can someone please complete requirement #2, i have my own take completed but i want a professional response to verify if its correct or not??
Can someone please complete requirement #2, i have my own take completed but i want a professional response to verify if its correct or not?? Revenues Jackson Company 100 / 43.75/ 56.25% Williams Company 100% 39.691 60.311 Cost of goods sold Gross margin Operating expenses: Sales and marketing expense General and administrative expense 18.134 12.1 4.12.1 34.257 21.43% 14.187 3.967: 39.57% Research and development expense Total operating expenses Profit before income tax Income tax expense 22.7. 4.38% 17.6201 20.73%. 4.18% 16.55% Profit (loss) REQUIRED 1. Prepare a common-size income statement using the format below. Round all amounts to two decimal places. 7 marks 2 Compare the results of each company and identify which one compares more favorably. Give two reasons to substantiate your answer. 3 marks Jackson Company compares more favourably. Whereas a common size income Statement looks beyond the Size of a company I can justify this answer because Jackson Company has a higher percentage of profit as well they're total goerating expenses are lower; which are both favourable outcomes on Companies income Statement. a
Can someone please complete requirement #2, i have my own take completed but i want a professional response to verify if its correct or not??
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