The following information is taken from the financial statements of a company for the current year: Use the information above to answer the following question. On a common size income statement for the year, what is the percentage that would be shown for sales revenue?

60%

14%

100%

13%

$395,000 890,000 650,000 200,000 120,000 Current assets Total assets Cost of goods sold Gross margin (gross profit) Net income