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S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $10 600 6 455 3 541 $18 600 Net sales Cost of sales Other expenses 13 522 4 185 Profit $ 604 $ 893 Requirements 1 Prepare common-size income statements. 2 Which company earns more profit?

S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $10 600 6 455 3 541 $18 600 Net sales Cost of sales Other expenses 13 522 4 185 Profit $ 604 $ 893 Requirements 1 Prepare common-size income statements. 2 Which company earns more profit?

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.1E
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S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $18 600 $10 600 6 455 3 541 Net sales Cost of sales Other expenses 13 522 4 185 Profit $ 604 $ 893 Requirements 1 Prepare common-size income statements. 2 Which company earns more profit? 3 Which company's profit is a higher percentage of its net sales?
Transcribed Image Text:S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $18 600 $10 600 6 455 3 541 Net sales Cost of sales Other expenses 13 522 4 185 Profit $ 604 $ 893 Requirements 1 Prepare common-size income statements. 2 Which company earns more profit? 3 Which company's profit is a higher percentage of its net sales?
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