Question: Revenue and expense data for the current calendar year for Garrity

Revenue and expense data for the current calendar year for Garrity Electronics Company and for the electronics industry are as follows. The Garrity Electronics Company data are expressed in dollars. The electronics industry averages are expressed in percentages.


a. Prepare a common-sized income statement comparing the results of operations for Garrity Electronics Company with the industry average.
b. As far as the data permit, comment on significant relationships revealed by thecomparisons.
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  • CreatedFebruary 04, 2014
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