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there is 2 parts to this Problem thank you!! INI Question Help Dala for McCormick Designs, Inc. follow Click the icon to view the data)

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INI Question Help Dala for McCormick Designs, Inc. follow Click the icon to view the data) Read the requirements Requirement 1. Prepare a comparative common size income statement for McCormick Designs, Inc. using the 2018 and 2017 data. Round percentages to creonth percent. (Round the percentages to cream percent, XX%) McCormick Designs, Ine. Common-Size Income Statement Years Ended December 31, 2018 and 2017 2018 2017 100.0 Nets Revenue Experts Conte Goods Sold * 509 Selling and Administrative Dones 245 Enter a number in the editfelds and then click Check Answer Read the requirements. CONTENUTI OLE TEIGUM de Years Ended December 31, 2018 and 2017 2018 2017 100.0 % % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses % % % 24.5 % % % Total Expenses % % Net Income % % Enter any number in the edit fields and then click Check Answer Data Table - X 2017 McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 2% $ 430,150 $ 375,750 % % Net Sales Revenue Expenses: Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 203,000 100,050 7,000 190,000 92,000 6,850 % % 310,050 288,850 % 86,900 120,100 $ Net Income Check Ans Print Done i Requirements - 1. Prepare a comparative common-size income statement for McCormick Designs, Inc. using the 2018 and 2017 data. Round percentages to one-tenth percent. 2. To an investor, how does 2018 compare with 2017? Explain your reasoning. 4 % Print Done % %

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