Question
Prepare a common-size income statement for The Coca-Cola Company for the year ended December 31, 20XX, expressing each item as a percentage of net sales,
Prepare a common-size income statement for The Coca-Cola Company for the year ended December 31, 20XX, expressing each item as a percentage of net sales, using the following information:
- Net sales: $1,500,000
- Cost of goods sold: $600,000
- Operating expenses: $400,000
- Net income: $300,000
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
