Question: TL&E 7,157 7,380 Q2. Prepare a common-size income statement based on the following information. How do interpret the standardized net income? Sales (Revenues) COGS Depreciation

TL&E 7,157 7,380 Q2. Prepare a common-size income statement based on the following information. How do interpret the standardized net income? Sales (Revenues) COGS Depreciation EBIT Interest $4,053 2,780 550 723 502 221 75 146 47 Taxable income Taxes (34%) NI Dividends Addition to retained earnings 99

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