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S15-4 3 Common-size income statement (10 min] Data for Martinez, Inc., and Rosado, Corp., follow: Martinez Rosado ....$ Net sales ...... Cost of goods sold

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S15-4 3 Common-size income statement (10 min] Data for Martinez, Inc., and Rosado, Corp., follow: Martinez Rosado ....$ Net sales ...... Cost of goods sold . Other expenses ...... Net income ........... 10,600 $ 6,455 3,541 604 $ 18,600 13,522 4,185 893 . $ Requirements 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

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