Question: 1. Using the format in Example 13-5, prepare common-size comparative income statements for the two years for Mariners Corp. Round percentages to one decimal point.
1. Using the format in Example 13-5, prepare common-size comparative income statements for the two years for Mariners Corp. Round percentages to one decimal point. Mariners Corp. Common-Size Comparative Income Statements For The Years Ended December 31, 2014 And 2013 (In Thousands of Dollars) 2014 Dollars 2014 Percent 2013 Dollars 2013 Percent $ % $ % Gross profit $ % $ % $ % $ % $ % $ % Net income $ % $ % Hide Feedback Partially Correct Check My Work Feedback Prepare in correct form common-size comparative income statements for two years. Set up with five columns. Hide 2. Using the format in Example 13-2, prepare comparative income statements for Mariners Corp., including columns for the dollars and for the percentage increase or decrease in each item on the statement. Round all percentages to the nearest whole percent. If an answer is zero, enter "0" Mariners Corp. Comparative Statements of Income For The Years Ended December 31, 2014 And 2013 (In Thousands of Dollars) December 31, 2014 December 31, 2013 Increase/Decrease Dollars Increase/Decrease (Percent) $ $ $ % Gross profit $ $ $ $ $ $ $ $ $ Net income $ $ $
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