Question 6 Chapter 13/14 Tried this once and I got them wrong.

Partially correct

Question text

Common-Size Income Statements Consider the following income statement data from the Ross Company:

	2013	2012
Sales revenue	$527,000	$452,000
Cost of goods sold	338,000	281,000
Selling expenses	107,000	101,000
Administrative expenses	60,000	54,000
Income tax expense	7,800	5,400

Prepare common-size income statements for each year. Round percentages to one decimal point.

ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue)
		2013		2012
Sales Revenue		Answer %		Answer %
Cost of Goods Sold		Answer %		Answer %
Answer
	Answer %		Answer %
Answer

Selling Expenses	Answer %	Answer %
Administrative Expenses	Answer %	Answer %
Total	Answer %	Answer %
Income before Income Taxes	Answer %	Answer %
Answer

	Answer %	Answer %
Answer

Answer %

Answer %