EXERCISE 15-1 Common-Size Income Statement A comparative income statement is given below for Ryder Company: Comparativ e Incan* Oyst of old . margin and adrWnistaiw eg:vns: Sng Adrmstratiw *paw.. Total suling and adrnirstatiw , Net ovoratng ilcorne Ir&rest gense . t-#t myne bebre rz. This Year $5.ooo.oco 3,160.0m 000.0m 680.0m 1.580000 260,002 70,oco $ 190,oco Lut Yr gom.om 24 cooco 1.6@.oco 7m,oco 584,om 1.284.0@ 316,om $ 276,om The president is concerned that net income is down even though sales have increased during the year. The president is also concerned that administrative expenses have increased because the company made a concerted effort to cut waste out of the organization. Required: 1 Express each year's income statement in common-size percentages. Carry . computations to one decimal place. 2 Comment briefly on the changes between the two years.