F$21$

$f_x$

$\backslash$table$[[,$A$,$B$,$C$,$D$,$E$],[1,$YoyoDyne Propulsion Systems$],[2,$Common$-$size Income Statements$],[3,$For the Yeans $2018$ and $2019,,$Possible$],[4,,2012,2018,0,5],[5,$Sales,$100\mathrm{.}0\%,100\mathrm{.}0\%,,],[6,$Cost of Goods Sold,$71\mathrm{.}0\%,67\mathrm{.}0\%,-,],[7,$Gross Profit,$29\mathrm{.}0\%,33\mathrm{.}0\%,0,1],[B,$Depreciation Expense,$2\mathrm{.}0\%,2\mathrm{.}0\%,,],[9,$Fixed Expenses,$5\mathrm{.}0\%,5\mathrm{.}0\%,,],[10,$Selling, G&A Expense,$10\mathrm{.}0\%,10\mathrm{.}0\%,,],[11,$Net Operating Income,$12\mathrm{.}0\%,16\mathrm{.}0\%,0,1],[12,$Interest Expense,$2\mathrm{.}0\%,2\mathrm{.}0\%,,],[13,$Earnings Before Taxes,$10\mathrm{.}0\%,14\mathrm{.}0\%,0,1],[14,,3\mathrm{.}0\%,4\mathrm{.}0\%,,],[15,$Net Income,$7\mathrm{.}0\%,10\mathrm{.}0\%,0,1.],[16,,,,,]]$

Now make a Common$-$Size Income Statement $($aka Vertical Analysis$).$ This should be lald out oxactly like your Income Statement using formulas linking to the Income Statement and expressed in

Notes:

Tax Rate

$21$

$\backslash$table$[[$Accounts Payable,$17,260,18,450],[$Interest Expense,$2,905,3,400],[$Fixed Expenses,$7,150,7,700],[$Cash & Equivalents,$9,700,10,500],[$Tax Rate,$30\%,30\%],[$Cost of Goods Sold,$93,250,107,200],[$Cost of Capital,$9\mathrm{.}75\%,9\mathrm{.}75\%],[$Depreciation Expense,$2,250,2,300],[$Accumulated Deprociation,$27,900,30,200],[$Common Stock,$40,500,40,500],[$Long$-$Term Debt,$29,800,32,155],[$Sales$,138,250,151,250],[$Plant & Equipment,$53,219,56,945],[35$ Selling, G&A Expense,$13,400,15,500],[36$ Retained Eamings,$18,240,22,750],[37$ Other Curment Liabilities,$8,604,8,406],[38$ Other Current Assets,$6,385,6,616],[39$ Shor$-$Term Notes,$20,100,18,700],[40$ Inventory,$37,800,42,700],[41$ Accounts Receivable,$55,300,54,400]]$