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eBook Common-Size Income Statements and Horizontal Analysis Income statements for Mariners Corp. for the past two years are as follows: (amounts in thousands of dollars)

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eBook Common-Size Income Statements and Horizontal Analysis Income statements for Mariners Corp. for the past two years are as follows: (amounts in thousands of dollars) 2014 2013 Sales revenue Cost of goods sold $60,000 $50,000 42,00030,000 $18,000$20,000 9,000 5,000 9,000 $15,000 Selling and administrative expense Interest expense Income tax expense Gross proft Operating income Income before tax Net income 2,000 2,000 $ 7,000 $13,000 2,000 4,000 S 5,000 9,000 Required Hide 1. Using the format in Example 13-5, prepare common-size comparative income statem Mariners Corp. Common-Size Comparative Income Statemen For The Years Ended December 31, 2014 And 2013 (In Thous 2014 Dollars 2014 Percent Sales revenue 60,000 100S

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