20X3 20X2 20X1 $178,400 115,e00 $162,500 102,500 Sales $155,500 Cost of goods sold Operating expenses Operating income 50,000 13,400 100,000 45,000 50,000 10,000 10,500 In a common-size income statement for 20X3, the operating expenses are expressed as Multiple Choice 28.0% 30.3% 43.8% 100,0%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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20X3
20X2
20X1
$155,500
$178,400
115,000
50,000
$162,500
102,500
Sales
Cost of goods sold
Operating expenses
Operating income
100,000
45,000
50,000
13,400
10,000
10,500
In a common-size income statement for 20X3, the operating expenses are expressed as
Multiple Choice
28.0%
30.3%
43.8%
100.0%
Transcribed Image Text:20X3 20X2 20X1 $155,500 $178,400 115,000 50,000 $162,500 102,500 Sales Cost of goods sold Operating expenses Operating income 100,000 45,000 50,000 13,400 10,000 10,500 In a common-size income statement for 20X3, the operating expenses are expressed as Multiple Choice 28.0% 30.3% 43.8% 100.0%
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