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Commonsize percentages are often used to compare the statements of companies of unequal s'rze. 'le condensed income statements of Companies A and B are given

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Commonsize percentages are often used to compare the statements of companies of unequal s'rze. 'le condensed income statements of Companies A and B are given below. Enter in the spaces provided the amounts expressed in common-size percentages. CompanyA and Company B Income Statements for Year Ended December 31, 200? DollarAmou nts Common-Size Percentages Company A Company B Company A Company B Sales $450,000 $525,000 Cost of goods sold 261,000 210,000 Gross margin $189,000 $315,000 Selling expenses $81,000 $89,250 Administlatiue expenses 45,000 52,500 Total operating expenses $126,000 $141,350 Income $63,000 $173,250

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