Question: Create a comparative common-size income statement for Wolf Corporation. To an investor, how does 2020 compare with 2019? Explain your reasoning A e e 1,
Create a comparative common-size income statement for Wolf Corporation. To an investor, how does 2020 compare with 2019? Explain your reasoning

A e e 1, . WolfCorporation Income Statement For the Years Ended December 31, 2020 and 2019 (amounts in thousands) 2020 2019 6 Sales revenues 458,800 | $ 400,000 Less: Cost of goods sold 209,820 195,000 l?l 248,980 205,000 | 9 | Less: Operating expenses 90,000 10 | Operating income 153,310I S 115,000 11 Less: Interest expense 4,250 3,125 Income before income taxes 149,060 | $ 111,875 16,420 11,875 132,640 100,000 _
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