Prepare a Comparative Common-Size Income Statement for Marion,Inc
Question 66
Question 66
Essay
Prepare a comparative common-size income statement for Marion,Inc.for 2017 and 2016 data.(Round percentages to one decimal place. ) Marion, Inc. Comparative Income Statement Years Ended December 31, 2017 and 2016 Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses): Interest Revenue Interest Expense Total Other Revenues and (Expenses) Income Before Income Taxes Income Tax Expense Net Income 2017$6,3553,3702,9856754101,0851,9000(400)(400)1,500230$1,2702016$4,9202,2002,7205804251,0051,7150(695)(695)1,020210$810
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