Common-size percentages are often used to compare the statements of companies of unequal size. The condensed income statements of Companies A and B are given below. Enter in the spaces provided the amounts expressed in common-size percentages.

Answers to the colums are 1%-100%.

1. Common-size percentages are often used to compare the statements of companies of unequal size. The condensed income statements of Companies A and B are given below. Enter in the spaces provided theamounts expressed in common-size percentages. I :Cost of goods sold l G ross ma rgi n I . :Selllng expenses :Administratiye expenses lTotal operating expenses I I Income """"'"""""'"""'""'"'"'"""'EEFn}ZEJEEEEEErn'a """""""""""""""""""""" ': lncomeStatements for Year Ended December 31, 2001' E l Dollar Amounts CommonSize Percentages l E Company A Company B Company A Company B i $450,000 $525,000 l 261,11]! 210,11]! I $189,000 $315,000 :' $31,000 $89,250 l 45,000 52,500 I $126,000 $141,150 '. $53,000 $173,250 l I- ________________________________ 2. After expressing the a mou nts of th e incom e statements in com monsize percentages, exa min e th em and na m e th e compa ny that operated more efciently. |:l