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Express the following income statement information in common-size percents (round to nearest whole percent). Comment on the results. Thorsten Corp. Comparative Income Statements For Years

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Express the following income statement information in common-size percents (round to nearest whole percent). Comment on the results. Thorsten Corp. Comparative Income Statements For Years Ended December 31, 2014 and 2013 2014 2013 $1,200,000 $1,000,000 804.000 650.000 ft396,000350,000 Cost of goods sold.... Gross profit Selling expenses. Administrative expense. Net incom... 132,000 180,000 120,000 150,000

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