1. Prepare common-size comparative statements of financial position for years 2018 and 2017. (10)

Use the following financial statements of Precise Company to answer the requirements. Precise Company Comparative Income Statements For the year ended 31 December 2018 and 2017 2018 RM2,486,000 Sales Cost of goods sold Gross profit Operating expenses: Advertising Staff salaries Office salaries Insurance Supplies expense Depreciation Miscellaneous Total operating expenses Operating profit Interest expense Profit before tax Income tax expense Net profit Earnings per share 1,523,000 963,000 145,000 240,000 165,000 100,000 26,000 85,000 17,000 778,000 185,000 44,000 141,000 47,000 RM94,000 RVD 99 2017 RM2,075,000 1,222,000 853,000 100,000 280,000 200,000 45,000 35,000 75,000 15,000 750,000 103,000 46,000 57,000 19,000 RM38,000 RMD 99