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The following information is taken from the financial statements of a company for the current year: On a common size income statement for the year,

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The following information is taken from the financial statements of a company for the current year: On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue? 100% 16% 63% Cannot be determined What is the gross profit percentage for the current year (rounded to the nearest whole percent)? 63% 25% 30% 75% On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold? 21% 75% 30% 25%

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