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Dakley Corporation has the following comparative income statements. Which of the following statements is false with regard to this comparative data? Sales Cost of goods

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Dakley Corporation has the following comparative income statements. Which of the following statements is false with regard to this comparative data? Sales Cost of goods sold Cross profit Operating expenses Net income OAKLEY CORPORATION Comparative Income Statements For Years Ended December 31, 2014 mad 2013 2014 $360,000 237,600 122.400 75.600 5.45.800 2013 $267.500 140.170 127,330 31895 575/35 Multiple Choice 0 The common-size operating expenses for 2014 equals 21 O The common size gross profit percent for 2014 equals (3874 The common-size sales percent for 2014 equals 100% The common size net income percent for 2013 equais 282% The common size cost of goods sold for 2013 equals 524%

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