The comparative income statement of Norman Music Co. for the years ended December 31, 2021 and 2020
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The comparative income statement of Norman Music Co. for the years ended December 31, 2021 and 2020 is as follows:
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The comparative income statement of Norman Music Co. for the years ended December 31, 2021 and 2020 is as follows: (Click the icon to view the comparative income statement.) Requirement 1. Prepare a comparative common-size income statement for Norman Music Co. (Round your answers to one-hundredth of a percent, X.XX%. Do not enter the % symbol in any of the input fields.) Norman Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2021 and 2020 2021 2020 % % Total revenue Expenses: Cost of goods sold % Selling and general expenses % Interest expense % Income tax expense % Total expenses % % Net income % % % % % de de de de de de The comparative income statement of Norman Music Co. for the years ended December 31, 2021 and 2020 is as follows: (Click the icon to view the comparative income statement.) Requirement 1. Prepare a comparative common-size income statement for Norman Music Co. (Round your answers to one-hundredth of a percent, X.XX%. Do not enter the % symbol in any of the input fields.) Norman Music Co. Comparative Common-Size Income Statements Years Ended December 31, 2021 and 2020 2021 2020 % % Total revenue Expenses: Cost of goods sold % Selling and general expenses % Interest expense % Income tax expense % Total expenses % % Net income % % % % % de de de de de de
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