Jeter Rosado Net Sales Revenue $10,000 $25,000 Cost of Goods Sold 6,110 18,000 Other Expenses 3,300 5,675 Net Income $590 $1,325 Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, X.X%.) Jeter Versus Rosado Common-Size Income Statement (Partial) Year Ended December 31 Jeter Rosado Net Sales Revenue % % Cost of Goods Sold Other Expenses Net Income % %
Jeter Rosado Net Sales Revenue $10,000 $25,000 Cost of Goods Sold 6,110 18,000 Other Expenses 3,300 5,675 Net Income $590 $1,325 Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, X.X%.) Jeter Versus Rosado Common-Size Income Statement (Partial) Year Ended December 31 Jeter Rosado Net Sales Revenue % % Cost of Goods Sold Other Expenses Net Income % %
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.1EX: Vertical analysis of income statement Revenue and expense data for Innovation Quarter Inc. for two...
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Question
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Jeter Rosado
Net Sales Revenue $10,000 $25,000
Cost of Goods Sold 6,110 18,000
Other Expenses 3,300 5,675
Net Income $590 $1,325
Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, X.X%.)
Jeter Versus Rosado
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Common-Size Income Statement (Partial)
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Year Ended December 31
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Rosado
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Net Sales Revenue
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Cost of Goods Sold
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Other Expenses
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Net Income
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%
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%
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