Develop common size (percentages) income statements and balance sheets

INCOME STATEMENT	2004	2005	2006
Sales	$145,022	$172,468	$205,668
Cost of Goods Sold	50,758	62,564	69,765
Vending Revenues	800	900	775
Gross Profit	$95,064	$110,804	$136,677
Selling, General and Administration Expense	56,725	67,452	78,024
Depreciation Expense	700	750	800
Earnings before Interest and Taxes	37,640	42,602	57,853
Interest Expense	2,220	1,874	2,701
Profit before Taxes	35,420	40,728	55,152
TAXES (30%)	10,626	12,218	16,546
Net Income	$24,794	$28,509	$38,606

Answer rating: 100% (QA)

Common Size Income Statements 2004 Sales 1000 Cost of Goods Sold 349 Vending Revenues 06 Gross Profi... View the full answer