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EF17-16 (similar to) Question Help Data for Muscateer Designs, Inc. follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare a comparative common-size income statement for Muscateer Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. (Round the percentages to one-tenth percent, X.X. Enter the percentages without the %. For example, enter 1.1% as 1.1. Muscateer Designs, Inc. Common-Size Income Statement Years Ended December 31, 2024 and 2023 2024 % 2023 % i Requirements - X t Sales Revenue |% % Expenses Cost of Goods Sold % % 1. Prepare a comparative common-size income statement for Muscateer Selling and Administrative Expenses % Designs, Inc. using the 2024 and 2023 data. Round percentages to one-tenth percent. Other Expenses 2. To an investor, how does 2024 compare with 2023? Explain your reasoning. Total Expenses Net Income Print Donex EF17-20 (similar to) Mariner, Inc.'s comparative income statement follows. The 2023 data are given as needed. (Click the icon to view the data.) Read the requirements. i Data Table - X 2024 7.3 % Requirement 2. Calculate the rate of return on total assets for 2025 and 2024. Begin by selecting the formula to calculate the rate of return on total assets. Mariner, Inc. Comparative Income Statement Rate of return on total assets = (Net income + Interest expense) - Average total assets Years Ended December 31, 2025 and 2024 Now, calculate the rate of return on total assets for 2025 and 2024. (Round your answers to one tenth of a percent, X.X, and do not 2025 2024 2023 Rate of return on Net Sales Revenue $ 186,000 $ 157,000 total assets % Cost of Goods Sold 98,500 83,000 2025 15.2 % Selling and Administrative Expenses 45,500 44,000 2024 11.9 % Interest Expense 8,500 9,500 Requirement 3. Calculate the asset turnover ratio for 2025 and 2024. Income Tax Expense 12,000 9,000 Begin by selecting the formula to calculate the asset turnover. Net Income $ 21,500 $ 11,500 Asset turnover ratio = Net sales revenue - Average total assets Additional data: Now, calculate the asset turnover ratio for 2025 and 2024. (Round your answers to two decimal places, X.XX.) Total Assets $ 210,000 $ 186,000 $ 168,000 Common Stockholders' Equity 91,000 87,500 78,000 Asset turnover ratio Preferred Dividends 3,500 3,500 0 2025 1.05 times Common Shares Outstanding During the Year 15,000 15,000 10,000 2024 0.79 times Print Done Enter any number in the edit fields and then click Check