The income statement for Rozman Company for the year ended December 31,2013 is given below:
$\begin{array}{ll}
\text { Sales }&\$1,600\
\text { Cost of goods sold }&872\
\text { Gross profit } & 728 \
\text { Operating expenses } & 436\
\text { Operating income }&292\
\text { Income taxexpense }&66\
\text { Net income }&\$226
\end{array}$
Required:
Prepare a common-size income statement.

Question

The income statement for Rozman Company for the year ended December 31,2013 is given below:
 $\begin{array}{ll}
\text { Sales }&\$1,600\
\text { Cost of goods sold }&872\
\text { Gross profit } & 728 \
\text { Operating expenses } & 436\
\text { Operating income }&292\
\text { Income taxexpense }&66\
\text { Net income }&\$226
\end{array}$ 
Required:
Prepare a common-size income statement.

Quizplus · Accepted Answer

The Answer of The income statement for Rozman Company for the year ended December 31,2013 is given below:
 $\begin{array}{ll}
\text { Sales }&\$1,600\
\text { Cost of goods sold }&872\
\text { Gross profit } & 728 \
\text { Operating expenses } & 436\
\text { Operating income }&292\
\text { Income taxexpense }&66\
\text { Net income }&\$226
\end{array}$ 
Required:
Prepare a common-size income statement.

The Income Statement for Rozman Company for the Year Ended