Hooser Designs, Inc. has the following data: View the data. Requirements 1. Prepare a comparative common-size...

Transcribed Image Text:

Hooser Designs, Inc. has the following data: View the data. Requirements 1. Prepare a comparative common-size income statement for Hooser Designs, Inc.using the 2025and 2024data. Round percentages to one-tenth percent. 2. To an investor, how does 2025compare with 2024Explain your reasoning. Requirement 1. Prepare a comparative common-size income statement for Hooser Designs, Inc. Designs, Inc. using the 2025 and 2024 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X.) Hooser Designs, Inc. Common-Size Income Statement Years Ended December 31, 2025 and 2024 Data - 2025 2024 % % Net Sales Revenue Expenses: Hooser Designs, Inc. Cost of Goods Sold % % Selling and Administrative Expenses % % Other Expenses % % Net Sales Revenue Comparative Income Statement Years Ended December 31, 2025 and 2024 2025 2024 431,500 $ 373,000 Total Expenses % % Expenses: Net Income % % Cost of Goods Sold 204,000 186,000 Selling and Administrative Expenses 96,000 93,000 9,000 5,000 Other Expenses 309,000 284,000 Total Expenses $ 122,500 $ 89,000 Net Income Hooser Designs, Inc. has the following data: View the data. Requirements 1. Prepare a comparative common-size income statement for Hooser Designs, Inc.using the 2025and 2024data. Round percentages to one-tenth percent. 2. To an investor, how does 2025compare with 2024Explain your reasoning. Requirement 1. Prepare a comparative common-size income statement for Hooser Designs, Inc. Designs, Inc. using the 2025 and 2024 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X.) Hooser Designs, Inc. Common-Size Income Statement Years Ended December 31, 2025 and 2024 Data - 2025 2024 % % Net Sales Revenue Expenses: Hooser Designs, Inc. Cost of Goods Sold % % Selling and Administrative Expenses % % Other Expenses % % Net Sales Revenue Comparative Income Statement Years Ended December 31, 2025 and 2024 2025 2024 431,500 $ 373,000 Total Expenses % % Expenses: Net Income % % Cost of Goods Sold 204,000 186,000 Selling and Administrative Expenses 96,000 93,000 9,000 5,000 Other Expenses 309,000 284,000 Total Expenses $ 122,500 $ 89,000 Net Income