Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales revenue $545,000 $460,000 Cost of goods sold 336,000 279,000 Selling expenses 105,000 99,000 Administrative expenses 70,000 64,000 Income tax expense 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 Cost of Goods Sold 2012 Selling Expenses Administrative Expenses Total Income before Income Taxes