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Express the following income statement information in common-size percentages and in trend percentages using 2020 as the base year. Comment on the results (Analysis) Sales

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Express the following income statement information in common-size percentages and in trend percentages using 2020 as the base year. Comment on the results (Analysis) Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Net income Common- Trend Size Percentages Percentages 2021 2020 2021 2020 2021 2020 $640,000 $560,000 282,000 238,000 $358,000 $322.000 132,000 120,000 160.000 140,000 $66,000 $62,000 EX2 The following current year information is available from a manufacturing company: Sales Gross profit on sales Operating income Income before taxes Net income Accounts Receivable, beginning-year Accounts Receivable, end-of-year $740,000 276,000 64,000 44,000 33,600 58,000 72,000 Calculate the company's accounts receivable turnover and its days' sales uncollected

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