Horizontal Analysis of Income Statements

Consolidated income statements for Cooper Manufacturing follow.

Cooper Manufacturing

Consolidated Income Statements

$($in thousands except per share amounts$)$

Three fiscal years ended December $31$

$202320222021$

Sales $$10,088,322$ $$7,976,954$ $$7,086,542$

Costs and expenses:

Cost of goods sold $$6,844,915$ $$5,107,113$ $$4,003,989$

Research and development $592,001664,564602,135$

Selling, general, and administrative $1,384,1111,550,8571,642,770$

Restructuring costs and other $(126,855)320,85650,000$

$$8,694,172$ $$7,643,390$ $$6,298,894$

Operating income $$1,394,150$ $$333,564$ $$787,648$

Interest and other income, net $(21,988)29,32149,634$

Income before income taxes $$1,372,162$ $$362,885$ $$837,282$

Provision for income taxes $381,52550,104285,430$

Net income $$990,637$ $$312,781$ $$551,852$

Earnings per common and common equivalent share $$3\mathrm{.}43$ $$1\mathrm{.}18$ $$2\mathrm{.}06$

Common and common equivalent shares used

in the calculations of earnings per share $288,740264,985268,110$

Required:

Prepare common size income statements for horizontal analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the $"\%"$ sign with your answer. For example, $"100\mathrm{.}00"$ or $"28\mathrm{.}72".$ For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above.

Cooper Manufacturing

Consolidated Income Statements

blank

blank $202320222021$

Sales fill in the blank $1$

$\%$ fill in the blank $2$

$\%$ fill in the blank $3$

$\%$

Costs and expenses:

Cost of goods sold fill in the blank $4$

$\%$ fill in the blank $5$

$\%$ fill in the blank $6$

$\%$

Research and development fill in the blank $7$

$\%$ fill in the blank $8$

$\%$ fill in the blank $9$

$\%$

Selling, general, and administrative fill in the blank $10$

$\%$ fill in the blank $11$

$\%$ fill in the blank $12$

$\%$

Restructuring costs and other fill in the blank $13$

$\%$ fill in the blank $14$

$\%$ fill in the blank $15$

$\%$

fill in the blank $16$

$\%$ fill in the blank $17$

$\%$ fill in the blank $18$

$\%$

Operating income fill in the blank $19$

$\%$ fill in the blank $20$

$\%$ fill in the blank $21$

$\%$

Interest and other income, net fill in the blank $22$

$\%$ fill in the blank $23$

$\%$ fill in the blank $24$

$\%$

Income before income taxes fill in the blank $25$

$\%$ fill in the blank $26$

$\%$ fill in the blank $27$

$\%$

Provision for income taxes fill in the blank $28$

$\%$ fill in the blank $29$

$\%$ fill in the blank $30$

$\%$

Net income fill in the blank $31$

$\%$ fill in the blank $32$

$\%$ fill in the blank $33$

$\%$

Earnings per common and common equivalent share fill in the blank $34$

$\%$ fill in the blank $35$

$\%$ fill in the blank $36$

$\%$