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Common-Size Income Statements Consider the following income statement data from the Ross Company 2016 P1013 2015 Sales revenue Cost of goods sold Selling expenses 5550,000
Common-Size Income Statements Consider the following income statement data from the Ross Company 2016 P1013 2015 Sales revenue Cost of goods sold Selling expenses 5550,000 $450,000 336,000 279,000 105,000 99,000 Administrative expenses 60,000 50,000 7,800 5,400 Income tax expense a. Prepare common-size income statements for each year. (Round percentages to one decimal point.) ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) Sales Reve nue Cost of Goods Sold Seling Expenses Administrative Expenses Total Income before Income Taxes
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