Question: complete the common size income statement for big box outlet using the information below Gross sales 1,089,836 Sales Returns & Allowances 59,737 Net Sales 1,030,099
complete the common size income statement for big box outlet using the information below
Gross sales 1,089,836
Sales Returns & Allowances 59,737
Net Sales 1,030,099
Cost of goods sold 609,026
Gross Profit 421,073
Rent Expense 109,275
Depreciation Expense 7,285
Salaries Expense 123,845
Utility Expense 36,425
Operating Income 144,243
Interest Expense 1,457
Income Tax Expense 20,398
Net Income 122,388
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