Question: Prepare common-siza income statment. Please keep the answer Clear and complete. 4.1 The Abercrombie Supply Company reported the following information for 2017. Prepare a nmon-size
4.1 The Abercrombie Supply Company reported the following information for 2017. Prepare a nmon-size income statement for the year ended June 30, 2017. Abercrombie Supply Company Income Statement for the Fiscal Year Ended June 30, 2017 (S thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation. S2.110.965 1,459,455 312.044 .215 27 and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) Net income S 312.251 112,178 S 200.073 117.587 S 82.486 28,870 S 53.616 4.2 Prepare a common-size balance sheet from the following information for Abercrombie Supply
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