Question: Prepare a comparative common-size income statement for Zinkowski, Inc. using the 2014 and 2013 data of E12-2B. Round percentages to the nearest tenth of a
Prepare a comparative common-size income statement for Zinkowski, Inc. using the 2014 and 2013 data of E12-2B. Round percentages to the nearest tenth of a percent.
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Zinkowski, Inc Comparative Income Statement Years Ended December 31, 2014 and 2013 2014 2013 Revenue $480,000 $411,100 Expenses Cost of Goods Solo Selling and General Expenses Interest Expense Income Tax Expense $254,000 110,000 6,500 46,600 417,100 62,900 $226,000 105,500 2,000 45,000 378,500 32,600 Total Expenses Net Income
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