Question: Below is the comparative income statement data for Mariner, Inc. Prepare a comparative common-size income statement for Mariner, Inc. Round percentages to the nearest tenth

Below is the comparative income statement data for Mariner, Inc. Prepare a comparative common-size income statement for Mariner, Inc. Round percentages to the nearest tenth of a percent, X.X% (Click the icon to view the comparative income statement.) Mariner, Inc. Common-Size Income Statement Data table Years Ended December 31, 2018 and 2017 2018 (%) 2017 (%) Revenue % % Expenses: Cost of goods sold Selling and general expenses Interest expense % % % % Income tax expense % Mariner, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Revenue $ 510,000 $ 439,500 Expenses: Cost of goods sold 262,000 235,000 Selling and general expenses 122,000 120,000 Interest expense 5,500 1,500 53,100 46,000 Income tax expense Total expenses 442,600 402.500 67,400 $ 37,000 Net income Total expenses % % Net income Print Done
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
