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Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales revenue Cost of goods sold Selling expenses $526,000 $451,000

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Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales revenue Cost of goods sold Selling expenses $526,000 $451,000 337,000 280,000 106,000 100,000 Administrative expenses 60,000 54,000 800 5,400 Income tax expense

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