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Data for Jeter, Inc. and Gibson Corp. follow: (Click the icon to view the data.) Read the requirements. Data table Jeter Gibson Net Sales
Data for Jeter, Inc. and Gibson Corp. follow: (Click the icon to view the data.) Read the requirements. Data table Jeter Gibson Net Sales Revenue $ 11,000 $ 26,000 Cost of Goods Sold 6,721 19,084 Other Expenses 3,630 5,590 $ 649 $ 1,326 Net Income Print Done Requirements 1. Prepare common-size income statements. 2. Which company earns more net income? 3. Which company's net income is a higher percentage of its net sales revenue? Print Done - X
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