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i Requirements X 1 1. Prepare common-size income statements. 2. Which company earns more net income? 3. Which company's net income is a higher percentage
i Requirements X 1 1. Prepare common-size income statements. 2. Which company earns more net income? 3. Which company's net income is a higher percentage of its net sales revenue? Print Done i Data Table Carey Aldot Net Sales Revenue $ 11,000 $ 18,000 Cost of Goods Sold 6,721 12,978 3,608 4,104 Other Expenses $ 671 $ 918 Net Income Print Done This Question: 1 pt 2 of 5 (1 complete) This Test: 5 pts po Data for Carey, Inc. and Aldot Corp. follow: Click the icon to view the data.) Read the requirements Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, X.X%.) Carey Versus Aldot Common-Size Income Statement (Partial) Year Ended December 31 Carey % Aldot % Net Sales Revenue % % Cost of Goods Sold % % Other Expenses % % Net Income % Requirement 2. Which company earns more net income? earns more net income. Requirement 3. Which company's net income is a higher percentage of its net sales revenue? has a net income at a higher percentage of its net sales
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