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Eommen-size statement analysis A common-tive income statement for Creek Enterpises 2021 coperalions follows Using fhe firms 2022 income stitement develop the 2022 common size Foome

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Eommen-size statement analysis A common-tive income statement for Creek Enterpises 2021 coperalions follows Using fhe firms 2022 income stitement develop the 2022 common size Foome statement and compare it to the 2021 common-size statement. Which areas requre futther analytis and investigation? Combnon-size statement analysis A cormon-eize income statement for Creek Eiberprises 2021 ogerationa followi Using the firmis 2002 income statement incore statemert and compare tt to the 2021 comenon-sige statement. Which areas iequre further analysit and investgalion? A. Sting eipense has inasated de to the marease n caif et goods sold Data table Data table Data table Data table Cornplele the common-size incorse statement for the year ending Deconber 31, 202 and compure it to the common-size income statement for the year ending December 2021. Eniter as a percent and found to one decimal place') Creek Enterpaises Comrson-Suze income Statement Ior the Years Ended December 31, 2021 and December 2022 Provide your evaluation based on the common-size income statements: (Select all the choices that apply) A. Selling expense has increased due to the increase in cost of goods sold. B. Operating expenses have decreased as a percentage of sales, this appears favorable unless this decine has contributed toward the fall in sales, C. Sales have dedined and cost of goods sold has increased as a percentage of saless, probably due to a loss of productive efficiency. D. The level of interest as a percentage of sales has increased significantly; this suggests that the firm has too much debt E. Further analysis should be directed at the increased cost of goods sold and the high debt level

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