ent.) Start by calculating the percentages. (Round the percentages to two decima Delight Corporation Comparative Common-Size Income Statement For the Years Ended December 31 Current Prior year year Sales revenues 100.00 % 100.00% Less: Cost of goods sold Gross profit % % % % Less: Operating expenses % % % % % Operating income % % Less: Interest expense de % Income before income taxes % Less: Income tax expense % Net income Now you are ready to compare the two years. An investor would be with the current year in comparison wie consumed percentages of total revenues in the current year, and de and then continue to the next questi Data Table -X or to 1 B 2 Delight Corporation Income Statement Prior year 3 For the Years Ended December 31 4 (amounts in thousands) Current 5 year 6 Sales revenues $ 460,000 $ 400,000 7 Less: Cost of goods sold 216,200 200,000 8 Gross profit $ 243,800 $ 200,000 105,800 100,000 9 Less: Operating expenses 10 Operating income $ 138,000 $100,000 9,525 6.000 $ 128,475 $ 94,000 14,000 11 Less: Interest expense 12 Income before income taxes 18,095 13 Less: Income tax expense $ 110,380 $80,000 Nels 14 Net income fosons Done Print