Prepare a comparative common-size income statement for Wolf Corporation. To an investor, how does 2023 compare with 2022? Explain your reasoning.

Transcribed Image Text:

dodaj 12345 Wolf Corporation Income Statement 6 Sales revenues 7 Less: Cost of goods sold Gross profit 8 9 Less: Operating expenses 10 Operating income 11 Less: Interest expense 12 Income before income taxes 13 Less: Income tax expense 14 Net income 15 For the Years Ended December 31, 2023 and 2022 $ $ $ $ B $ с (amounts in thousands) 2023 2022 458,800 $ 209,820 248,980 $ 95,670 153,310 $ 4,250 149,060 $ 16,420 132,640 $ 400,000 195,000 205,000 90,000 115,000 3,125 111,875 11,875 100,000