Common-Size Income Statements Consider the following income statement data from the Ross Company:

	2013	2012
Sales revenue	$526,000	$451,000
Cost of goods sold	337,000	280,000
Selling expenses	106,000	100,000
Administrative expenses	60,000	54,000
Income tax expense	7,800	5,400

Prepare common-size income statements for each year. Round percentages to one decimal point.

ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue)
	2013	2012
Sales Revenue	Answer %	Answer %
Cost of Goods Sold	Answer %	Answer %
AnswerGross Profit on SalesOperating ExpensesIncome Tax ExpenseNet Income	Answer %	Answer %
AnswerGross Profit on SalesOperating ExpensesIncome Tax ExpenseNet Income
Selling Expenses	Answer %	Answer %
Administrative Expenses	Answer %	Answer %
Total	Answer %	Answer %
Income before Income Taxes	Answer %	Answer %
AnswerGross Profit on SalesOperating ExpensesIncome Tax ExpenseNet Income	Answer %	Answer %
AnswerGross Profit on SalesOperating ExpensesIncome Tax ExpenseNet Income	Answer %	Answer %