Common size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows Using the firm's 2019 income stateme develop the 2019 common-size income statement and compare it to the 2018 statement. Which areas require further analysis and investigation? Complete the common-size income statement for the year ending December 31,72019 and compare it to the common-size income statement for the year ending December 2018 (Round to one decimal place.) ol Creek Enterprises Common Size Income Statement for the Years Ended December 31, 2018 and December 2019 2019 2018 % 100.0 % 66.1 33.9 % tion Sales revenue stion Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation experts Total operating expense urse (Pine3 Enter any number in the edit fields and then click Check Answer 13.0 % 62 0.5 3.6 23.3 1 part remaining Clear All Check Answer Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows Using the firm's 2019 income statement develop the 2019 common-size income statement and compare it to the 2018statement. Which areas require further analysis and investigation? Complete the common-size income statement for the year ending December 31, 2019 and compare it to the common-size income statement for the year ending December 2018. (Round to one decimal place. Creek Enterprises Common-Size Income Statement for the Years Ended December 31, 2018 and December 2019 2019 2018 on Sales revenue 100 0% 66.1 33.9 % ion Less Cost of goods sold Gross profits Less Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense 13.0 % 62 0.5 3.6 233 se (Pinc Enter any number in the edit fields and then click Check Answer Common-size statement analysis A common-size income statement for Creek Enterprises 2018 operations follows Using the firm's 2019 income statement develop the 2019 common-size income statement and compare it to the 2018 statement. Which areas require further analysis and investigation? 66.1 % 33.9% 13.0 % 6.2 Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less Interest expense Net profits before taxes Less Taxes (rate 40%) Net profits after taxes Less: Preferred stock dividends 0.5 3.6 233 les % 10.6 % 12 94% 38 % % 5.6 % 0.2 5.4 % Earnings available for common stockholders Pinc Enter any number in the edit fields and then click Check Answer 1 par remaining Clear All Check Answer UNT Investigation? d 100.0 % 66.1 33.9 % se (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) ses Creek Enterprises Income Statement for the Year Ended December 31, 2018 Sales revenue ($34.995,000) Tative ex Less Cost of goods sold Gross profits Less Operating expenses Selling expense 13.0 % General and administrative expenses 6.2 ense Lease expense 0.5 Depreciation expense 3.6 Total operating expense ense Operating profits Raxes Less: Interest expense - 40% Net profits before taxes Less: Taxes (rate = 40%) axes Net profits after taxes stock dividend Less: Preferred stock dividends ble for common Earnings available for common stockholders 23.3 10.6 % 12 9.4 % 3.8 5.6 % 02 5.4 % der in the edit Print Done Clear All Check Answer ETU com G old (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) enses Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue $30,009,000 Less Cost of goods sold 21.013,000 istrative Gross profits $8,996,000 Less: Operating expenses Selling expense $2,966,000 anse General and administrative expenses 1,767.000 expense Lease expense N 212,000 Depreciation expense 994,000 5 Total operating expense 5,939,000 expense Operating profits $3.057,000 ore taxes Less: Interest expense 1,043,000 Net profits before taxes $2,014,000 Tate = 40%) Less: Taxes (rate = 40%) 805.600 Eter taxes Net profits after taxes $1,208,400 sred stock divide Less: Preferred stock dividends 110,000 Earnings available for common stockholders $1,098,400 vailable for com Print Done number in the ea