Data for Muscateer Desgin, Inc. follow:

Requirement 1: Prepare a comparative common-size income statement for Muscateer Design, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. ( Round the percentages to one-tenth precent, X.X%)

Requirement 2: To an investor, how does 2018 compare with 2017? Explain your reasoning

An investor would be _______(a. Pleased b. Disappointed) with 2018 in comparison with 2017. Cost of goods sold and selling and general expenses- the two largest expenses-consumed _______ (a. Smaller b. Higher) percentages of net revenue in 2018 and net income represents a _____ (a.higher b. Smaller) percentage of revenues. Overall profits are ______(a. Declining b. Rising)

i Data Table Muscateer Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 n 2018 Net Sales Revenue $ 428,950 $ 372,000 Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 201,550 190,450 97,000 93,000 2,500 304,550 285,950 S 124,400 S 86,050 6,000 Net Income Print Done Muscateer Designs, Inc. Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Net Income