Construct an actual and common-size income statement for MKC Airlines. Sales-$80,000 Cost of Goods sold -$10,000...

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Construct an actual and common-size income statement for MKC Airlines. Sales-$80,000 Cost of Goods sold -$10,000 (includes Depreciation=51,200) Selling, General and Admin. Expenses = $20,000 Interest Expense 10,000 Tax rate: 20% Sales Cost of Goods sold Selling, General and Administrative Expenses EBIT Interest expense Taxable income Taxes Net Income Actual ($) Common Size Construct an actual and common-size income statement for MKC Airlines. Sales-$80,000 Cost of Goods sold -$10,000 (includes Depreciation=51,200) Selling, General and Admin. Expenses = $20,000 Interest Expense 10,000 Tax rate: 20% Sales Cost of Goods sold Selling, General and Administrative Expenses EBIT Interest expense Taxable income Taxes Net Income Actual ($) Common Size

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Common size on salesSalesSales8000080000100 Common size on cost of goo... View the full answer