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Data for Varline Designs, Inc. follow (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a comparative common-size income statement
Data for Varline Designs, Inc. follow (Click the icon to view the data.) Read the requirements Requirement 1. Prepare a comparative common-size income statement for Variline Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, XX. Enter the percentages without the %. For example, enter 1.1% as 1.1.) Variline Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 Data table - X Net Sales Revenue : Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses Net Income 2024% 2023% Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Expenses: % Cost of Goods Sold Selling and Administrative Expenses 2024 2023 $ 429,000 $ 375,750 204,950 187,000 Other Expenses Requirements Prepare a comparative common-size income statement for Variline Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent 2. To an investor, how does 2024 compare with 2023? Explain your reasoning Total Expenses Net Income Print Done 100.000 95.350 0,150 6,850 314,100 289 200 114.000 S 86.550
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