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 Net income $780,000 452,400 $327,600 156,000 $171,600 124,800 $ 46,800

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