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I need help solving this problem and creating a common-size income statement ED-16 (similar to) 3 Question Help o Data for Variline Designs, Inc. follow:
I need help solving this problem and creating a common-size income statement
ED-16 (similar to) 3 Question Help o Data for Variline Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a comparative common-size income statement for Variline Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X%.) Variline Designs, Inc. Data Table Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Variline Designs, Inc. Comparative Income Statement Net Sales Revenue % % Years Ended December 31, 2018 and 2017 2018 2017 Expenses: Cost of Goods Sold Selling and Administrative Expenses % % Net Sales Revenue $ 429,000 $ 373,750 % % Other Expenses % % Expenses: Cost of Goods Sold Total Expenses % % Selling and Administrative Expenses 203,000 96,550 8,500 189,000 92,000 6,850 Net Income % % Other Expenses Total Expenses 308,050 287,850 Enter any number in the edit fields and then click Check Answer. $ Net Income 120,950 $ 85,900 part remaining Cle Print DoneStep by Step Solution
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