Comparative income statement for Bluth Company is shown below. Prepare a common-size income statement for both the
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Comparative income statement for Bluth Company is shown below. Prepare a common-size income statement for both the current and prior year. Bluth Company Income Statement December 31, 20X2 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before Taxes Income Taxes Net Income Current Year Prior Year $ 715,800 $ 615,300 428,600 388,500 287,200 226,800 168,500 132,800 118,700 94,000 22,300 11,200 96,400 82,800 28,000 27,000 68,400 $ 55,800 $
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