$($Click the icon to view the data.$)$

ead the requirements.

equirement $1.$ rrepare a comparative common$-$size income statement for inclorm Round the percentages to one$-$tenth percent, X$.$X$.$ Enter the percentages without the

McCormick Designs, Inc.

Common$-$Size Income Statement

Years Ended December $31,2024$ and $2023$

Jet Sales Revenue

Expenses:

Cost of Goods Sold

Selling and Administrative Expenses

Other Expenses

Total Expenses

let Income

Data table

McCormick Designs, Inc.

Comparative Income Statement

Years Ended December $31,2024$ and $2023$

$\backslash$table$[[,,2024,2023],[$Net Sales Revenue,$$,428,000,373,450]]$

Expenses:

$\backslash$table$[[$Cost of Goods Sold,,$202,000,187,550],[$Selling and Administrative Expenses,,$99,350,92,000],[$Other Expenses,,$6,750,3,250],[$Total Expenses,,$308,100,282,800],[$let Income,$$,119,900s,90,650]]$