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Ex 3. HOTEL company Z has the following income statement. Calculate the Net income and apply the common size analysis for 2021 and 2022.

Ex 3. HOTEL company Z has the following income statement. Calculate the Net income and apply the common size analysis for 202

Ex 3. HOTEL company Z has the following income statement. Calculate the Net income and apply the common size analysis for 2021 and 2022. Sales are expected to drop by 5% in 2022. 2021 Gross SALES 1,569,000 Allowance / returns 62,441 discount 49,460 tax 30% COGS 769,800 SG and A 359,671 depreciation 50,000 other income 65,912 extraordinary inc 89,246 Net income ?

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