Question: Normal Income Statement Common Size Incone Statement 2013 2014 2013 2014 Net Sales S90,000 S100,000 % % Cost of Goods Sold $63,000 $66,000 % %

Normal Income Statement

Common Size Incone Statement

2013

2014

2013

2014

Net Sales

S90,000

S100,000

%

%

Cost of Goods Sold

$63,000

$66,000

%

%

Gross Profit

$27,000

$34,000

%

%

Taxes

$15,000

$17,000

%

%

Total Profit

S12,000

$17,000

%

%

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