From the following,complete the common-size income statement for Isaiah's Sporting Goods using net sales as the base.(Round to nearest tenth of a percent.)
$$\begin{array} { l l l }
& \text { Amount } & \text { Percent } \
\text { Net 5ales } & \$ 750,000 & ---- \
\text { Cost of Goods sold }& 650,000 & ---- \
\text { Grom Profit on sales }& 100,000 & ---- \
\text { Operating Expenses } & 60,000 & ---- \
\text { Net Income }&40,000&----
\end{array}$$

Question

From the following,complete the common-size income statement for Isaiah's Sporting Goods using net sales as the base.(Round to nearest tenth of a percent.)
 $$\begin{array} { l l l } 
 & \text { Amount } & \text { Percent } \
\text { Net 5ales } & \$ 750,000 & ---- \
 \text { Cost of Goods sold }& 650,000 & ---- \
\text { Grom Profit on sales }& 100,000 & ---- \
\text { Operating Expenses }  & 60,000 & ---- \
\text { Net Income }&40,000&----
\end{array}$$

Quizplus · Accepted Answer

The Answer of From the following,complete the common-size income statement for Isaiah's Sporting Goods using net sales as the base.(Round to nearest tenth of a percent.)
 $$\begin{array} { l l l } 
 & \text { Amount } & \text { Percent } \
\text { Net 5ales } & \$ 750,000 & ---- \
 \text { Cost of Goods sold }& 650,000 & ---- \
\text { Grom Profit on sales }& 100,000 & ---- \
\text { Operating Expenses }  & 60,000 & ---- \
\text { Net Income }&40,000&----
\end{array}$$

From the Following,complete the Common-Size Income Statement for Isaiah's Sporting