Common-Size Income Statements Consider the following income statement data from the Ross Company: Current Year Previous Year $525,000 $450,000 336,000 279,000 105,000 60,000 7,800 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Prepare common-size income statements for each year. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). Note: Compute percentages for each "Total" (do not add prior percentage amounts to arrive at Totals). ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) Sales Revenue Cost of Goods Sold Selling Expenses Administrative Expenses Total Income before Income Taxes 99,000 54,000 5,400 Current Year Previous Year 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Common-Size Income Statements Consider the following income statement data from the Ross Company: Prepare common-size income statements for each year. Note: Round answers to one decimal place (ex: 0.2345=23.5% ). Note: Compute percentages for each "Total" (do not add prior percentage amounts to arrive at Totals)