Data for Connor, Inc. and Alto Corp.follow:

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Requirement 1. Preparecommon-size income statements. (Round your answers to one decimalplace, X.X%.)

Connor Versus Alto

Common-Size Income Statement (Partial)

Year Ended December 31

Connor %

Alto %

Net Sales Revenue

%

%

Cost of Goods Sold

%

%

Other Expenses

%

%

Net Income

%

%

Requirement 2. Which company earns more netincome?

earns more net income.

Requirement 3. Whichcompany's net income is a higher percentage of its net salesrevenue?

has a net income at a higher percentage of its net sales.

Enter any number in the edit fields and then continue to the next question.

Data Table

Connor

Alto

Net Sales Revenue

$

13,000

$

22,000

Cost of Goods Sold

7,917

15,730

Other Expenses

4,342

5,170

Net Income

$

741

$

1,100