Question: need help asap!! please & thank you!! 3. The comparative income statement of O'Neil Music Co. for the years ended December 31, 2018 and 2017

need help asap!! please & thank you!!
need help asap!! please & thank you!! 3. The comparative income statement

3. The comparative income statement of O'Neil Music Co. for the years ended December 31, 2018 and 2017 is as follows: Click the icon to view the comparative income statement.) Requirement 1. Prepare a comparative common-size income statement for O'Neil Music Co. (Round your answers to cne-hundredth of a percent, XXX%.) 2017 % % % % % % % % % % O'Neil Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 2018 Total revenue Expenses: Cost of goods sold Selling and general expenses Interest expense Income tax expense % Total expenses Net income 3: Data Table O'Neil Music Co. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 Total revenue $ 836,000 $ Expenses: Cost of goods sold 408,000 $ Selling and general expenses 238,000 Interest expense 9.500 79.000 Income tax expense 734,500 Total expenses $ 101.500 $ Net income 2017 938.000 409,350 261.000 14,000 85.750 770,100 167,900

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f