Calculate the Common Size Income Statement based on the Income Statement provided.(Answers should look like this 10.1%, only one decimal place must use % sign or the system will count it wrong.)(If it is 10.0% include the .0% at the end or the system will count it wrong.)(Round to the nearest first decimal (.1), so if it is .13 = .1 if it is .15.2 if it is .01 .0) Net SalesCOGSDepreciationEBITInterestTaxable IncomeTaxesNet Income2019 Income StatementDividendsAdditions to Retained Earnings147647.743,4561,8952351,3263201,006211.26794.74

Answer:- Common size income statement meaning:- An income statement that expresses each line item…

Answered: Net Sales COGS Depreciation EBIT…

Net Sales COGS Depreciation EBIT Interest Taxable Income Taxes Net Income 2019 Income Statement. Dividends Additions to Retained Earnings 147 647.74 3,456 1,895 235 1,326 320 1,006 211.26 794.74

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the Common Size Income Statement based on the Income Statement provided.
(Answers should look like this 10.1%, only one decimal place must use % sign or the system will count it wrong.)
(If it is 10.0% include the .0% at the end or the system will count it wrong.)
(Round to the nearest first decimal (.1), so if it is .13 = .1 if it is .15.2 if it is .01 .0)

Net Sales
COGS
Depreciation
EBIT
Interest
Taxable Income
Taxes
Net Income
2019 Income Statement
Dividends
Additions to Retained Earnings
147
647.74
3,456
1,895
235
1,326
320
1,006
211.26
794.74

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