Data for

MartinezMartinez,

Inc. and

VerdeVerde

Corp. follow:

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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?

Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, X.X%.)

Martinez Versus Verde
Common-Size Income Statement (Partial)
Year Ended December 31
	Martinez		Verde
Net Sales		%		%
Cost of Goods Sold
Other Expenses
Net Income		%		%

	Martinez			Verde
Net Sales		$8,000			$21,000
Cost of Goods Sold		4,888			15,141
Other Expenses		2,624			4,809
Net Income		$488			$1,050