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Sheridan Manufacturing has provided the following comparative income statements for 2021 and 2022. Prepare a common-size analysis of Sheridan's income statement for 2022. (Round percentage
Sheridan Manufacturing has provided the following comparative income statements for 2021 and 2022. Prepare a common-size analysis of Sheridan's income statement for 2022. (Round percentage answers to 2 decimal places, e.g. 50.10%. Common-size Net sales 149000 Cost of goods sold Gross margin Selling and administrative expenses 40081 Depreciation Operating profit Income taxes Net income \begin{tabular}{r|} \hline 1364 \\ \hline\( \lcm{15347} \) \\ \hline \end{tabular}
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