= = = Standard Income Statement Financial Statements in CAD Dollars Using the numbers from the two income statements, fill in the percentages calculated for the common-sized vertical analysis, then dicuss which company seems to have a better financial advantage or postion while referencing specifics in your calculations. Common-Sized Comparison by % Ben and Jerry Baskin Robbins Use this space below for your discussion. 1 2 3 Sales * 4 Cost of Goods Sold 5 Gross Margin 100.00% 100.00% 64.00% 64.96% 36.00% 35.04% 6 7 Operating Expenses 27.53% 25.75% 8 Depreciation Expense 1.32% 1.26% Operating Income 7.15% 8.03% Interest Expense 2.50% 1.75% 1 Income before Income Tax 4.65% 6.28% 2 Income Tax Expense 1.86% 2.53% 3 4 Net Income (Loss). 2.79% 3.75% 5.