Refer to the data presented for Mariner Designs, Inc. in Exercise E15-15.

Requirements
1. Prepare a comparative common-size income statement for Mariner Designs, Inc. using the 2015 and 2014 data. Round percentages to one-tenth percent (three decimal places).
2. To an investor, how does 2015 compare with 2014? Explain yourreasoning.

Transcribed Image Text:

MARINER DESIGNS, INC Comparative Income Statement Years Ended December 31, 2015 and 2014 2015 2014 Net Sales Revenue 431,000 372,350 Expenses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 200,000 187,550 91,050 6,850 285,450 $ 123,650 S 86,900 99,000 8,350 307,350 Net Income