Question: Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2018. Complete the common-sized income statement: (Round to one
Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2018. Complete the common-sized income statement: (Round to one decimal place.) Common-sized income statement Sales $ 1,469 14.69 % Cost of goods sold 856 8.56 Gross profit $ 613 6.13 % Selling, general, and administrative expenses $ 50 0.50 % Depreciation 215 2.15 Operating income $ 348 3.48 % Interest expense 64 0.64 Net income before taxes $ 284 2.84 % Taxes (40%) 114 1.14 Net income $ 170 %
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