Goelzer Company has the following income statement for the year ending December 31,2016: Operating expenses:
If Goelzer Company prepares a common size income statement,what will they report for Income tax expense?
A)10.4%
B)11.0%
C)12.4%
D)39.9%

Question

Goelzer Company has the following income statement for the year ending December 31,2016:  Operating expenses:
 If Goelzer Company prepares a common size income statement,what will they report for Income tax expense?
A)10.4% 
B)11.0% 
C)12.4% 
D)39.9%

Quizplus · Accepted Answer

The Answer of Goelzer Company has the following income statement for the year ending December 31,2016:  Operating expenses:
 If Goelzer Company prepares a common size income statement,what will they report for Income tax expense?
A)10.4% 
B)11.0% 
C)12.4% 
D)39.9%

Goelzer Company Has the Following Income Statement for the Year