Question: Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Common-size statement analysis A common-size


Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows . Using the firm's 2019 income statement , develop the 2019 common-size income statement and compare it to the 2018 statement. Which areas require further analysis and investige Complete the common-size income statement for the year ending December 31, 2019 and compare it to the common-size income statement for the year er December 2018: (Round to one decimal place.) A. The level of interest as a percentage of sales has increased significantly; this suggests that the firm has too much debt. B. Sales have declined and cost of goods sold has increased as a percentage of sales, probably due to a loss of productive efficiency. C. Operating expenses have decreased as a percentage of sales; this appears favorable unless this decline has contributed toward the fall in sales
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