Common Size Income Statements Consider the following income statement data from the Ross Company:

	2019	2020
Sales revenue	$945,000	$1,100,000
Cost of goods sold	$599,850	$705,600
Selling expenses	$212,850	$220,500
Administrative expenses	$107,500	$126,000
Income tax expense	$11610	$16,380

Prepare a common size income statement (percentages only) for both years. (Round to one decimal.)

Ross Company
Common-Size Income Statements
(Percent of Sales Revenue)
	2020	2019
Sales revenue	Answer	Answer
Cost of goods sold	Answer	Answer
Gross profit on sales	Answer	Answer
Operating expenses
Selling expenses	Answer	Answer
Administrative expenses	Answer	Answer
Total operating expenses	Answer	Answer
Income before income taxes	Answer	Answer
Income tax expense	Answer	Answer
Net income	Answer	Answer