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Compare Rodriguez and Azul by converting their income statements to common size. Rodriguez Azul Nel sales Net sales ........................ 10,400 $ Cost of goods sold
Compare Rodriguez and Azul by converting their income statements to common size. Rodriguez Azul Nel sales Net sales ........................ 10,400 $ Cost of goods sold ................... 6,354 3,453 17,650 12,620 4,147 Other expense......... 593 $ 883 Net income ......................... Which company earns more net income? Which company's net income is a higher percentage of its net sales? Prepare the common-sized financial analysis: (Round percentages to the nearest tenth percent.) Azul % 1 Net sales Rodriguez Amount 10,400 6,354 3,453 ........................$ % $ Cost of goods sold ................... Amount 17,650 12,620 4,147 883 Other expenses..... 593 $ Net income
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