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Linden Corp. has a 10% market share in its industry. Below are income statements ($M) for Linden and for the industry. Linden Industry Sales $5,900

Linden Corp. has a 10% market share in its industry. Below are income statements ($M) for Linden and for the industry.

Linden Industry
Sales $5,900 $63,000
Cost of Goods Sold 3,200 32,060
Gross Margin 2,700 30,940
Expenses:
Sales and Marketing 430 3,850
Engineering 225 2,650
Finance and Administration 650 4,560
Total Expenses 1,305 11,060
EBIT 1,395 19,880
Interest Expense 230 4,500
EBT 1,165 15,380
Tax 500 5,620
Net Income 665 9,760

Develop common sized income statements for Linden and the industry as a whole. Round the answers to 2 decimal places.

Linden % Industry %
Sales $5,900 $63,000
Cost of Goods Sold 3,200 32,060
Gross Margin 2,700 30,940
Expenses:
Sales and Marketing 430 3,850
Engineering 225 2,650
Finance and Administration 650 4,560
Total Expenses 1,305 11,060
EBIT 1,395 19,880
Interest Expense 230 4,500
EBT 1,165 15,380
Tax 500 5,620
Net Income 665 9,760

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