19) Prepare a comparative common-size income statement for Nobell Inc.
19) Prepare a comparative common-size income statement for Nobell Inc. using the 2015 and 2014 data. (Round off the percentages to one decimal place.)
Comparative Income Statement
Years Ended December 31, 2015 and 2014
Net Sales$ 6,355$ 4,920
Cost of Goods Sold3,3702,200
Other Revenues and (Expenses):
Total Other Revenues and (Expenses)(400)(695)
Income Before Taxes1,5001,020
Income Tax Expense230210
Net Income$ 1,270$ 810
20) Data for Martin Corp. and Tante Inc. as follows:
Cost of Goods Sold18,50022,360
Prepare a comparative common-size income statement for Martin Corp and Tante Inc. for the year ending December 31, 2016. Round off the percentages to two decimal places. Use a multi-step format for the income statement.