Revenue and expense data for the current calendar year for Jaribo Communications Company and for the communications industry are as follows. The Jaribo Communications Company data are expressed in dollars. The communications industry averages are expressed in percentages.

a. Prepare a common-size income statement comparing the results of operations for Jaribo Communications Company with the industry average. Round to one decimal place.
b. As far as the data permit, comment on significant relationships revealed by thecomparisons.

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Jaribo Communications Communications Industry Average 101.0% Company Sales Sales returns and allowances Cost of goods sold Selling expenses Administrative expenses Other income Other expense (interest) Income tax expense $1,265,000 15,000 450,000 525,000 143,750 22,500 18,750 50,000 41.0 38.0 10.5 1.2 1.7 4.0