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Common size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows EEB. Using the firm's 2019 income statement EEB, develop the 2019

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Common size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows EEB. Using the firm's 2019 income statement EEB, develop the 2019 common-size income statement compare it to the 2018statement. Which areas require further analysis and investigation? Common-Size Income Statement for the Years Ended December 31, 2018 and December 2019 2019 2018 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Oneratina nrofits 100.0 % 66.0 34.0 % 12.4 % 6.2 0.5 3.5 22.6 114%

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