Common-Size Income Statements Consider the following income statement data from the Ross Company: Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense 2013 2012 $545,000 $460,000 336,000 279,000 105,000 99,000 70,000 64,000 17,800 15,400 Prepare common-size income statements for each year. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) 2013 Sales Revenue 0 % Cost of Goods Sold 0 % 2012 0 % 0% 0 % 0 % Selling Expenses Administrative Expenses Total 0 % 0 % 0 % 0 % 0 % 0 % 0 % Income before Income Taxes 0 % 0 % 0 % 0 % 0 %