Common-size statement A common-size incone statement for Creek Enterprises 2018 operations follow...Using the firms 2019 income statement,develop the 2019 common-size incomestatement and compare it to 2018 statement. Which area require further analysis and investigation ?

Comments Accommor 2018 2017 2018 con come and cortes Virtuveitin nown the woning 2011 Rund tooden place Complete the common-size income statement for the year ending December 31, 2019 and compare it to the common-size ince 100.0 % 65.9 34.1 % Creek Enterprises Common-Size Income Statement for the Years Ended December 31, 2018 and December 2019 2019 2018 Sales revenue % Less: Cost of goods sold Gross profits % Less: Operating expenses Seling expense % 12.4 % General and administrative expenses 6.4 Lease expense 0.4 Depreciation expense 3.6 Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate = 40%) Net profits after taxes % Less: Preferred stock dividends 22.8 11.3 % 1.8 9.5 % 3.8 5.7% 0.2 Enter any number in the edit fields and then click Check Answer. como canyon DO-Fall 2021-Face to Face 9 Question 3, P3-19 ( Homework: HW $3. Chapter 38 W Score: 16.21 56 41 points Score partment is constant for 2018 2019 come op 2018 X remon- Data Table per 2018 Fond place Chowcy w Com for the Year End 1000 5 19000 Crack Estate Income Statement for the Year End December 2016 S000 Le Cost of Gros Legend Seling Cande 64 Les expo Den er 35 Tenge 22 Lee Netpes batur 13 57 La Petired a country En avtobio for common Point Done stock Der er wan Example Text Pages Get More Help Clear Type town O 917 A /H Pic 12 How End Poup wo Pet A ( $ 4 % 5 & 7 2 3 6 8 9 0 W E R T Y U 1 O P S DF G H J L (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue $29,986,000 Less: Cost of goods sold 20,976,000 Gross profits $9,010,000 Less: Operating expenses Selling expense $2,960,000 General and administrative expenses 1,814,000 Lease expense 166,000 Depreciation expense 992,000 Total operating expense 5,932,000 Operating profits $3,078,000 Less: Interest expense 1,026,000 Net profits before taxes $2,052,000 Less: Taxes (rate = 40%) 820,800 Net profits after taxes $1,231,200 Less: Preferred stock dividends 118,000 Earnings available for common stockholders $1,113,200 Print Done