Question: Prepare the Common - Size Income Statement ( vertical analysis ) Crocs , Inc. and Subsidiaries Consolidated Statements of Income ( in thousands, except per

Prepare the Common-Size Income Statement (vertical analysis)Crocs, Inc. and SubsidiariesConsolidated Statements of Income(in thousands, except per share data)Year Ended December 31,20232022Revenues3,962,3473,554,985Cost of sale1,752,3371,694,703Gross profit2,210,0101,860,282Selling, general and administrative expenses1,163,9401,009,526Asset impairments9,287-Income from operations1,036,783850,756Foreign currency gains (losses), net(1,240)3,228Interest income2,4061,020Interest expense(161,351)(136,158)Other income (expense), net(326)(338)Income before income taxes876,272718,508Income tax expense (benefit)83,706178,349Net income792,566540,159Net income per common share:Basic12.918.82Diluted12.798.71Weighted average common shares outstanding:61,38661,220Basic61,95262,006

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