Question: Using the income statement below, develop a common-size statement by filling in the blanks provided. 2009 2009 Net sales Cost of goods sold Gross margin

Using the income statement below, develop a common-size statement by filling

Using the income statement below, develop a common-size statement by filling in the blanks provided. 2009 2009 Net sales Cost of goods sold Gross margin Operating expenses Income before income taxes Income taxes expense Det income $780,000 152,400 $327,600 156.000 $171,600 124.800 $ 46,800

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1. Background knowledge of the subject and

4. What specific changes in the environment have taken place in relation to the information we have collected?

2. The purpose of the acquisition of the information.